House repo and br

clydesmum

I am considering going br soon and have a few questions.

I have a joint mortgage with my ex but we have both moved out of our house, it is being repo'd on Monday.
If I am made br and there is a shortfall in mortgage, can it be included in br?
If it cant be, will my ex be liable for this?

I live in Scotland, dont know if that makes any difference

DON79

Hi clydesmum,

as you are in scotland, it could be different but here in merry ol england (!) If only yourself goes BR and there is a shortfall on the mortgage - the whole amount will fall due to the other party to repay it unless they go BR too - in which case it would be included in the BR.

Coolcait seems to be our scottish expert if she is around at all.

Hope this helps a little.

Donna

clydesmum

Thanks Donna

Finding it difficult trying to get my head round things at the moment, will prob have loads more to ask

Thanks again