We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
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 i move back in ?
bigjluk
Posts: 178 Forumite
me and my partner bought a house for us and her 2 kids to live in.unfortunately we have split up for good now,18 months after i moved out.the house is 50/50 with a mortgage,and a few other loans against it,the house is in negative equity,and i have recently refused to keep paying towards it,as she is living there still.i have said to her if i wanted to move back in, i could,i am sure i can regardless of whether i would or not.can anyone shed any light on this for me,as i am getting a little worried ,as to what will happen.
0
Comments
-
I am sure you could move back in.Owing on CC £00.00 :j
It's like shooting nerds in a barrel0 -
If your name is on the mortgage you have a right to access the property.0
-
legally you can move in and stay there as long as you like, as can she. You are both liable for the mortgage.0
-
Ofcourse you can move back in, irrespective of whether you contribute to mortgage or household bills.
If no one pays, then eventually the mortgagee will evict her and you will be jointly liable for any short fall in the mortgage."A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0 -
Yes you can move back in, I'm guessing you and your ex do not have enough money to pay for mortgage, loans and somewhere else for you to live, so would it be worth considering your long term living in house?
Could her kids have a the big bedroom to share and you and she take the smaller rooms each? Then maybe agree you have dining room as your lounge and she and kids have the original lounge, then only kitchen and bathroom are shared.
Agree that neither of you will bring back friends / new partners whilst in this situation as that will only inflame an alread fragile situation.
Try and agree to save a little every month towards the neg equity so that you can both move on long term.
Good Luck0 -
why have you stopped paying your share of the mortgage ? you signed a legally binding document - which means you are responsible for the mortgage whether you live there or not0
-
Are the two kids yours? If so then you'd need to pay towards keeping a roof over their heads.
If they aren't yours then I can see why you don't want to pay, but if the debts are jointly yours then you could be presued for the full amount if you have funds and she doens't should there be a repossession.0 -
As above I am assuming that all debts secured against the property are joint?
The mortgage you are jointly and severally liable for, which means that as soon as the lender doesn not get their mortgage payments they will come after both of you, potentially starting legal proceedings and repossessing the house, which would then make your ex, 2 children homeless and as discussed above you would be liable for any legal fees and shortfall that wasn't covered by the sale of the property.
So are the mortgage and loan payments being met? if not then your credit history is going down the pan.
Why have you decided that you want to move back in? Do you want to live with her and the children? Does she have somewhere else to go? What are you hoping to achieve?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.0 -
Are the two kids yours? If so then you'd need to pay towards keeping a roof over their heads.
If they aren't yours then I can see why you don't want to pay, but if the debts are jointly yours then you could be presued for the full amount if you have funds and she doens't should there be a repossession.
Read the OP - "...her 2 kids..."0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.8K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 245.9K Work, Benefits & Business
- 601.9K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards