my friends wife is having affair but wants mortage put in both names ???

sadie22

celyn90 wrote: »

OP, you mate sounds like a really level headed person if he's coping with all this - it must be really hard. I think it will potentially complicate things if she's not working. This makes it sound more obvious to me - if he's on the mortgage and she kicks him out, he will have to contiue to pay it at least up until the courts get to the final financial part of the divorce. If he's not on the mortgage, then he isn't liable and she has noone to milk for the cash while the mess is sorted out.

Given she doesn't work and he is by the sounds of it quite well off, I can see her going for everything she can get. He needs a solicitor and a good one. The primary concern of any court will be the kids.

newcook, I think the guy knows already - he's just preparing himself.

he is a level headed person, a really lovely guy thats falling to bits,
yes knowing what he has said to me in the past, she will take him for everything she can, thats why i came on here to rack the brains of others why she wants the mortgage in his name, anyways, thanks everyone for your help, i will deffo let u know the outcome.

sadie22

ceebeeby wrote: »

In his name or hers ....?

I'd be selling that pretty quick if it's in his!

porshe is in his name ....thankgod

Ivrytwr3

i think John is spinning Sadie a line and going for a sympathy sh*g.

sadie22

Ivrytwr3 wrote: »

i think John is spinning Sadie a line and going for a sympathy sh*g.

im a marrid lady with morrels thankyou

Stephb1986_2

Hmm looks to me like she is trying to get him on the mortgage so she can have him over and foot all the bills, perhaps she has run so much debt up and put it as "loan pots"? onto the mortgage that he doesn't know about therefore she can do a runner with her fella.

I suggest he tells the solicitor everything including that his wife is having an affair he could divorce her on adultery or unreasonable behaviour. But does he want to take that route?

Also if he was to put his name on the mortgage and they were to get a divorce she will get half of his business and half of the house. If you say she is a money grabber that is the more likely reason

Steph xx

celyn90

Stephb1986 wrote: »

I suggest he tells the solicitor everything including that his wife is having an affair he could divorce her on adultery or unreasonable behaviour. But does he want to take that route?

Who divorces who and for what reason won't make any difference as to how assets are divided and the potential provison of spousal support. The finiancial side of divorce is dealt with (in my understanding) after decree nisi but before decree absolute and the reasons for the divorce are kept separate. I would think she would go for sposual support if he's been keeping her and she hasn't been working.

How old are the kids and do they live at home?

He would be required to attend mediation with regards to finances as there are kids and significant assets involved.

I'd have the rotor arm out of the car though, tell her it was a mechanical fault then sell it ASAP

Dinah93

Grief. No useful advice, simply that I feel so sorry for your friend. In his position I'd be planning to remove all my belongings and assets from the house one day I knew she was going to be away, and serving her with papers.

Idiophreak

Hate to say it...but is it possible the wife's still committed to the relationship? (even if it's just for the supply of cash..)

Sure there are women out there that have a toy boy for "a bit of fun", but wouldn't necessarily want to run off with him.

Not saying it's OK, etc...just a possible motive.

newcook

sadie22 wrote: »

he knows about the affair, he found out himself then told me and asked for help

poor bloke!!!!! she sounds like a right nasty peice of work! sorry I dont have any advice

MrsTinks

OK a few misconceptions here...
IF the wife has debts then even if secured on the property the debt would need to be in BOTH names for him to be chased. When his name is added to the mortgage then yes their credit files become linked but any debt in her name REMAINS hers - it will only be his if he is jointly named on it.

So theoretical scenario:
Mate agrees to go on mortage and deeds - wife does runner - mate finds out she has taken out loads of secured debt on house - The creditors will chase HER for it. Worst case they can't get her to pay and they get a charging order on the house - that means WHEN your mate comes to sell (or buys her half off her) before she gets any money from the sale the creditors will get their share first - your mates half shouldn't be affected.
However what he needs to do is get some proper legal advice first and speak to a financial advisor before he signs anything.
As I see it then there shouldn't be any negative implications as he's already paying the mortgage from how I read your post? So he's not lumbered with any more financial outgoings if she does a runner - more likely is that SHE thinks she can lumber him with debts and might find it shocking that she can't when the time comes