Totally new to this!

Mrs_pbradley936

sarahlouise210 wrote: »

I would suggest a way round this situation - sell the house and buy the husband out - then privately rent somewhere. They will still be able to claim tax credits (though not as much as if they were not living together) but they will be a proper family and the ex will not be able to dictate to them what they can and cant do. They will have a better quality of life if they live together - their relationship may fizzle out if they dont, plus if they dont live together she will become dependant on the higher tax credits and may be reluctant for him to move in anyway.

That is the intention but they have to leave it with the Housing Assiciation for 3 months before that can put it on the open market. A house nearby has been for sale since April!

Savvy_Sue

Mrs_pbradley936 wrote: »

I think he is afraid that if he stops paying he will jeopardise his equity.

Surely he (the ex) needs to get legal advice on how this could be avoided?

Mrs_pbradley936

Savvy_Sue wrote: »

Surely he (the ex) needs to get legal advice on how this could be avoided?

Well yes and he has a solicitor lined up to sort out the transfer of equity. It was all going along fairly well until the Housing Association said that my son was not eligible for part ownership, you have to be a first time buyer on less than so much a year and he is not a first time buyer and might earn more than the amount stipulated. The ex-husband wants to pay the mortgage until the house is sold without my son living there because as I said earlier he fears that once they all get comfortable there will be no hurry to sell and he wants his equity to buy another place. I really don't know what would happen if my son decided to just move it anyway but so far he has wanted everything to stay legal and amicable.

Savvy_Sue

And I suppose your son's gf can't take over all the part ownership because she can't a mortgage in her own name?

Hmmmm. No further helpful suggestions ...

Mrs_pbradley936

Savvy_Sue wrote: »

And I suppose your son's gf can't take over all the part ownership because she can't a mortgage in her own name?

Hmmmm. No further helpful suggestions ...

Yes, that is it precisely!!!