Estranged husband handing keys to house back to bank

Dithering_Dad

neas wrote: »

'house was remortgaged but cannot afford to pay mortgage'.

This statement rings of MEWing... for cash. I.e withdrawing 20-40k+ pounds for holidays or expensive tat that isnt needed.

...

Basically, cause you remortgaged you gonna lose out more than the cash you withdrew.

Say you withdrew 40k and bank sells for a 50k loss you are down 10k
Say you withdrew 0k and you sell for a 30k loss you are up 10k..

Just thoughts for your next mortgage experience.

neas, you really are an ar sehole.

Do you also kick homeless people as you walk past them?

Magpie.

I've not got much more to add other than that I would do the options suggested by the helpful people on here such as CAB, trying to save some money for deposits etc and speaking with local housing association.

Hopefully your ex is paying something to help with the girls, especially if he's stopped paying the mortgage.

Troubled_Joe

Clairobelle wrote: »

I shall have to speak to my solicitor tomorrow, no doubt she'll be rubbing her hands together

Claire

Why would your solicitor be rubbing her hands together? Is she cold?

blue_monkey_2

Troubled_Joe wrote: »

Why would your solicitor be rubbing her hands together? Is she cold?

More letters, more money. They do not work for free unfortunately.

Troubled_Joe

Nor do they take any pleasure in a client's misfortune.

blue_monkey_2

If clients did not have any misfortune they would not have any clients and no money..... even the nicest solicitor must be pleased when they are able to earn more from their clients misfortune. Otherwise they would not charge so much. Mine used to charge £100 for a letter to be written and sent.

Troubled_Joe

Solicitors do not solely rely on misfortune and many undertake large amounts of pro-bono work.

I doubt very much that your solicitor charged by the letter, rather by the time spent. If doing that letter involved seeing you or speaking to you on the phone then reviewing documents then it is probable that in all 30 to 45 minutes was spent preparing the letter.

neas

confused31 wrote: »

Very harsh, the lady stated her husband left her and she was working 20 hours a week and looking after her two children, if i left my missus and had a joint mortgage and like most responsible parents if they could pay it, they would pay their half, just to keep a roof over their kids heads.

Its obvious when they were living together they could afford it, maybe her husband was the main bread winner, but for someone to say she should have been prepared for it is a load of waffle.

And then you get some jumped up txat like you telling her thats life, she should have been prepared for it.

When they were together they remortgaged the house.... they have a fairly old child... so logic dictates they paid significantly less than what the house is worth now..

reading into it you can say they remortgaged... money out of the house through rising house prices... to the limit. Where did that equity go? Car? holidays? Expensive toys?

Aside from the marital problems and cheating... they as a couple chose to over-borrow in my opinion... for something... obviously we dont know what but in general MEWing was never a clever idea whatsoever.

neas

and all im saying is... next time she gets a mortgage dont MEW and borrow money even in a rising market... its just risky.

neas

Dithering_Dad wrote: »

Do you also kick homeless people as you walk past them?

Of course not, As a fellow non-owner of a home I talk to them of greedy landlords and rising HPI which have hindered their life and progression onto the ladder.