Worst situation ever!!!!!!

maryotuam

I think if you really loved your child you wouldn't spoil them. Your girlfriend's parents have been neglectful in bringing up their daughters to be so shallow and self centred. If you ever have children, remember you have a duty to them to train them to be decent unselfish adults. Spoiling them is easy and lazy parenting.

Mr_Stew

maryotuam wrote: »

I think if you really loved your child you wouldn't spoil them. Your girlfriend's parents have been neglectful in bringing up their daughters to be so shallow and self centred. If you ever have children, remember you have a duty to them to train them to be decent unselfish adults. Spoiling them is easy and lazy parenting.

I have to agree, and only she will suffer in the long run. One of the best things in life you can learn is that you can't have everything you want. Sometimes when you do get something without working for it you also don't appreciate it.

Your ex-girlfriend is missing out on so much in life with her attitude. My girlfriend and I have really struggled at times to be able to get our house and it's not easy, but as we say our parents went through the same thing. Sometimes it is tough and it would be so easy to just walk away but life isn't like that. I remember when I was growing up seeing other kids with flash parents with big houses and flash motors, but they often didn't come from loving homes like I did. There was a reason why their parents wanted to show-off, they were empty on the inside.

In a few years you'll meet someone who wants to work at life WITH YOU and you'll be so much happier. Your ex will then become just a bad memory.

Darth_Marty

Maybe this will be the kick up the !!!! she needs, lifes a steep learning curve and you usually learn best from the mistakes you make.

GDB2222

siowenson wrote: »

This sounds like a good idea. Would I need to pay any fee's for changing to interest only?

If I were to rent out the property what would happen if someone wanted to buy it?
Can I throw the tennents out or do they have to stay for a minimum term?

Nope, you can't throw the tenants out. They are entitled to stay for the remainder of their lease. Most leases are at least 6 months initial term, then continuing with 2 months notice (effectively). In practice, it's very hard to sell a house with tenants in.

Dinah93

Personally due to the fact that the tenants are an uncertain factor I wouldn't buy a house which was tenanted, you're better renting spare rooms to lodgers. Always remember that while the house is interest only you are loosing that amount of money per month, you are not going to see any return on that, or in this case even any benefit as you would do if you were renting a place. My feeling is always that interest only is a very short term solution, and needs to be accompanied by a substantial drop in price to try to encourage some interest. Might seem that you have lost a lot of money compared to what you bought it for, but in this market a house not priced competitively could sit on the books for 3 years, maybe longer, and you will loose a lot more in interest during that time. Merry Christmas, hope you had a lovely day, D x

teabelly

If she'd be happy living in a beach hut with you without any junk then she's the one. Houses are expensive anyway and they do mean going without extras and having the social life you used to have. Kids make it even worse! She just sounds a bit immature rather than necessarily spoilt. If she is only 20 something then she may improve with age. Learn to say no. If she leaves then she is too shallow and you should find someone that is going to treat you properly.

If you want to shift the house you will probably need to sell it around 2005 prices to generate any interest. If it will rent for 700 pcm then you'll probably get offers less than 150k as that is where the rental criteria stops working.

Kez100

I've never had much, yet still never wanted for anything. It's much easier to know who are your friends and lover that way.

nicp60

Si, What a horrid situation! I was in a very similar situation a while ago. My ex-fiance walked out leaving me with a 900+ mortgage a month and a flat that was worth far less than we'd bought it for. Financially you have several options:
- Switch the mortgage to interest only (mine went from 950 to 600 a month doing this, but you'll need both signatures if it's a joint mortgage)
- Put the house on the market (I had to drop the price 3 times before it sold though)
- Whilst it's on the market, you could rent out one or two of the rooms. With the reduced mortgage it will make things a lot easier. (I put an ad on gumtree and found someone right away)
- You could rent the whole house out (you won't be liable for any of the bills, but you might need to manage the property yourself)
- You'll be liable for any shortfall in the mortgage, but not legally obliged to pay her parents back anything (even though you could if you wanted to)
- Definitely get advice from the CAB, I called them several times in a complete state and they were fantastic and very helpful.
- Let the mortgage company know that you've split up and may have problems paying the mortgage

Personally I stayed in my flat until it was sold and rented out a room for 350 including all bills. I made it clear to my lodger that if the house sold they'd only have a few months left, but it ended up taking 12 months from splitting up to selling up. By that point relations had broken down completely.
As an example, I ended up selling for 155k, although our mortgage had been 141k. With the mortgage redemption charge, solicitors' fees, estate agents' fees etc, we walked away with 1400 each. In my mind it was a small price to pay to be completely free. Hope this helps.
N

GDB2222

Just to add that a lodger in your house has no "rights", so can easily be evicted. So, as nicp says, living in the house and renting out one room might be your best solution whilst trying to sell.

Good luck.

Entertainer

Your ex sounds like a spoilt madam. When are parents going to realise that they shouldn't bring up kids like that? I bet she's no happier for it. Unless you want to spend your life with harsh women you need to find yourself a nice girl. There are some around.