Estranged husband handing keys to house back to bank

SandC

Is there any chance that your ex could move back into the house and you and the kids move out and rent somewhere smaller? He is obviously having to pay mortgage plus his rent and bills wherever he is currently staying. You could try to persuade him that the house won't sell at the current price in the climate at the moment and that you will lose out in so many ways if repossession happens. Both of you. If he's living in the house he is paying for he might feel more prepared to keep up the payments. You in turn may be eligible for assistance with rent. He might agree to take your name off the deeds and your solicitor can advise re any future profit.

Fly_Baby

Clairobelle, then that's one problem less - emotional attachment would be understandable but would not help to have a clear mind, so it's good that you are free of it. So you can concentrate of getting yourself out of this relationship and start afresh with your girls.

Again, lots of luck.

Clairobelle

I emailed him yesterday suggesting that he moves in with his new gf. I think this is the best option for both of us, then when the market picks up in a couple of years he could sell it and keep whatever it makes or put some in trust for our daughters. Or he could rent it out. I've not heard from him yet, but he is supposed to be talking to the bank tomorrow so i will have to speak to him before.

Thanks for your suggestions and support.

LittleMissAspie

neas wrote: »

I was/am prudent and i'm being penalised in many ways to prop up banks, to rescue homeowners, to reduce interest and thus mortgage rates... all because others borrowed too much or had fun time skiing in the alps, travelling the world... all the time i scrimped and saved for my savings to get trodden down.

Me too neas but that's no reason to jump on people and assume things about them that they haven't posted. It's not just this thread, you do it all the time. You criticise people for past decisions, assume they made those decisions irresponsibly and don't even try to give any advice about what they can do NOW. If you've got nothing to advise the OP on how she can move forward, then don't bother posting.

Dithering_Dad

I'd love neas to put his personal details on the forum, I'd have a high time pulling his life and his historical decisions apart.

silvercar

neas wrote:

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..

Logic dictates that having a fairly old child means you bought your home before you had children.

Not in the case of many renters or the STR brigade.

If you don't know someones personal circumstances it is better not to pre-judge.

neas

26 married to a my beautiful wife, Graduated in 2002 2:1 Masters Degree in an Electronic and Electrical Engineering degree, Brought up a working class town up north where houses were and are still relatively cheap... taught never to get a credit card by parents who were fearful of credit and hardworking. Parents paid off mortgage 10 years early (only 46k mortgage but was hard for them) Saw my dad lose his job through redudancy...

Basically... the type of upbringing that instilled a natural savvyness about money...

"Dont spend what you dont got" and save for hard times.

neas

I could go on but i'd bore you...

Dithering_Dad

as I suspect. No actual information in there about income, kids, rental costs, financial decisions made in the past, investments, etc etc.

Darth_Marty

too late..............