PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Can he do this????

Options
124678

Comments

  • DKLS
    DKLS Posts: 13,461 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Get yourself a pitbull of a solicitor, and start wearing his balls as earrings pronto.
  • Tamazapan
    Tamazapan Posts: 119 Forumite
    lol I am doing a women as well!!! he will regret being a !!!! with me thats for sure!!! grrrrrr men hope i do find a Mr Right one day
    :kisses2:
    to find a rainbow you must go through the rain
    to find true love you must go through the pain
  • AMILLIONDOLLARS
    AMILLIONDOLLARS Posts: 2,299 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Don't forget, you want any monies you paid towards the deposit!

    AMD
    Debt Free!!!
  • Dinah93
    Dinah93 Posts: 11,466 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Bake Off Boss!
    If the property is in negitive equity you need to accept that the deposit is gone, unless he REALLY wants the house he's not about to pay you money to get it.
    Debt January 1st 2018 £96,999.81
    Debt September 20th 2022 £2991.68- 96.92% paid off
    Met NIM 23/06/2008
  • neas
    neas Posts: 3,801 Forumite
    I think its a bit presumptious to demand monies back.

    If you are in negative equity let me spell it out very clear and simple for you (I lived in keighley,west yorkshier for 18 years of my life btw :) )

    Ok:

    1. If the house is in negative equity.. it is likely to be at least 2,000-3,000 pounds in negative equity. Your share of this is -1,000 to -1,500 pounds!

    THERE IS NO MONEY, THERE IS ONLY DEBT.

    Would you be fighting over taking half of your ex's 2,000 pound credit card bill? No you wouldn't.... this is exactly the same as with a house.

    2. If you sell a house you lose a fair bit through fees and commision etc... so its even moer ££££s cost


    In summary the best way to deal with this is to get your name off the mortgage, don't negotiate too hard as he will just keep you on mortgage. His friend most likely won't want to go on mortgage with him either... so in all honesty I think you are stuck on mortgage with him for a while.

    Whereabouts in WY you from?
  • Tamazapan
    Tamazapan Posts: 119 Forumite
    Nahr his friends wants on the morgage and i want off as they have ideas for the house application is in to Northern Rock for Peter to take my place on the morgage and concidering her earns more then me it shouldt be a problem.

    The house is £9,000 in negative equity!!

    And i live in Halifax
    :kisses2:
    to find a rainbow you must go through the rain
    to find true love you must go through the pain
  • neas
    neas Posts: 3,801 Forumite
    halifax is pretty close.

    Yep... so that means that if he wanted to, he could ask you to give him 4,500 pound to cover your share of the current loss.

    Most likely if you sold it would prob amount to 15,000 including fees and any discounts you took.. so i'd be happy just giving it over to his mate.

    This literally will set you free, otherwise you could have alot of debt for a long time.

    But certainly push for his mate to take it over.
  • Tamazapan
    Tamazapan Posts: 119 Forumite
    Yeah i know hence y im pushing for it to be done ASAP and he wants it sorted as knows it stressing me!! And how old are you?? and male ohr female
    :kisses2:
    to find a rainbow you must go through the rain
    to find true love you must go through the pain
  • pelirocco
    pelirocco Posts: 8,275 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Tamazapan wrote: »
    Nahr his friends wants on the morgage and i want off as they have ideas for the house application is in to Northern Rock for Peter to take my place on the morgage and concidering her earns more then me it shouldt be a problem.

    The house is £9,000 in negative equity!!

    And i live in Halifax


    So what is you want ? , you dont want to pay the bills , the house is in neg equatiy why dont you just walk away?
    Vuja De - the feeling you'll be here later
  • Tamazapan
    Tamazapan Posts: 119 Forumite
    Thats what i am doing well trying my orginal post was about him changing the locks !! but has moved on allot since then lol. I intend to sign it over to him and Peter i moved out Easter Sunday and took all my possessions and he has moved in. :@P
    :kisses2:
    to find a rainbow you must go through the rain
    to find true love you must go through the pain
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture