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getting out of my joint mortgage

aaangelica
aaangelica Posts: 4 Newbie
in Mortgages & endowments
Hi, i have had a joint mortgage with my fiance for over ten years. He cheated on me 3 years ago and i have never really got over it. we now have two young children and argue constantly and i want out of our relationship and mortgage for the kids sake also.
I dont know where to start i cant bear the thought of having to live together while waiting for a sale.. any advise would help. Have i got rights as i have the children? help!!

Comments

  • pixiepie99
    pixiepie99 Posts: 232 Forumite
    I believe your only choices are:
    1. one of you buys the other one out
    2. You sell the house (may leave you with negative equity at the moment so check your LTV)

    If you go for option 2 you could ask him to move out while you stay in the house until it sells.
  • Dan_1976
    Dan_1976 Posts: 943 Forumite
    You need to get some good legal advice. Go the the CAB, they may point you in the right direction.
    "Banking establishments are more dangerous than standing armies." Thomas Jefferson
    "How can I believe in God when just last week I got my tongue caught in the roller of an electric typewriter?" Woody Allen

    Debt Apr 2010 £0
  • aaangelica
    aaangelica Posts: 4 Newbie
    Dan_1976 wrote: »
    You need to get some good legal advice. Go the the CAB, they may point you in the right direction.
    Thanks 4 the advice :T
  • Dan_1976
    Dan_1976 Posts: 943 Forumite
    Pleasure was mine!
    "Banking establishments are more dangerous than standing armies." Thomas Jefferson
    "How can I believe in God when just last week I got my tongue caught in the roller of an electric typewriter?" Woody Allen

    Debt Apr 2010 £0
  • SouthCoast
    SouthCoast Posts: 1,985 Forumite
    As CAB are very busy at the moment, more information can be found here:


    http://www.adviceguide.org.uk/
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Part of the Furniture Combo Breaker
    pixiepie99 wrote: »
    I believe your only choices are:
    1. one of you buys the other one out
    2. You sell the house (may leave you with negative equity at the moment so check your LTV)

    If you go for option 2 you could ask him to move out while you stay in the house until it sells.


    as your the one thats unhappy, why dont you move out? You obviouslt tried to work it out after the event, 3 years is along time to finaly decide you dont want let the past be in the past.

    who pays for the mortgage ? if its him and i was asked to move out, id stop paying the mortage immediately ! and let the bank repo it
  • loracan1
    loracan1 Posts: 2,287 Forumite
    Part of the Furniture Combo Breaker
    pixiepie99 wrote: »
    I believe your only choices are:
    1. one of you buys the other one out
    2. You sell the house (may leave you with negative equity at the moment so check your LTV)

    If you go for option 2 you could ask him to move out while you stay in the house until it sells.


    or
    3. You stay in the house until the children are of age. This solution requires you to have the means of paying the ongoing mortgage.
  • koexelek
    koexelek Posts: 7,847 Forumite
    sky190176 wrote: »

    who pays for the mortgage ? if its him and i was asked to move out, id stop paying the mortage immediately ! and let the bank repo it

    ... and destroy your chances of ever getting a mortgage or credit again :rolleyes:
    I am a Mortgage adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • simpywimpy
    simpywimpy Posts: 2,386 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    How likely would a mortgage company be to change a mortgage from joint to single?
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Part of the Furniture Combo Breaker
    koexelek wrote: »
    ... and destroy your chances of ever getting a mortgage or credit again :rolleyes:


    hell never be able to afford one anyway, on a single income, and paying any divorce settlement and the CSA......
This discussion has been closed.
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