advice needed urgently please

chrissy777

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shellnapier

i dont know i feel sorry for you, this will take a long time to sort out id say, youll hae to prove you "didnt know" and yoy havnt paid anythig, this is why people should alsways get legal advise - and if your name had to be taken off mortage and you 35% entitled to any equity at time of spilt

CHIHUAHUA

Hi - i'm sorry that you are having such a worrying time.
I would suggest that you go and see a solicitor asap - many firms do a free clinic for advice, you'll need to ring around and find out where or ask at CAB.
Another organisation that should be able to help is SHELTER they'll be in the phonebook too.
Hope you get it sorted out quickly
CHI

gizmo111

Your share of the equity before selling costs will be about 5.6K - so well below 16K

Mrs_Bumble

The total equity in the house is the total debt from the value, so total debt is £104,000 and you say the value is £120,000 so total equity is £16,000, check the value of the house on website like https://www.zoopla.co.uk , so even if HB use the total equity I would have thought that you would be ok as far as they are concerned, but

You are still on a joint mortgage, if your ex partner has lost his job and no income there is no hope of him remortgaging and getting you off the mortgage that way and the existing lender will not release your liability to him if he can't afford to maintain the mortgage in total.

I suggest that you speak to the lender asap and get information about any arrears etc, what has been proposed, as you are jointly and severelly responsible for the mortgage payments and they will pursue both parties for payment.

I suggest that you speak to CAB and have a look at this link for other agencies that might be able to help you

http://www.moneymadeclear.fsa.gov.uk/pdfs/mortgage_cantpay.pdf