Stuck with mortgage please help.

battleweary

Hi All,

Firstly apologies for the long post but I feel it is required to furnish anyone who can help with the facts. Secondly thanks in advance to anyone that can offer some advice.

Three years ago my partner and I purchased a house in joint names for £157k we took out an interest only mortgage with Bir Mid the current amount owing is £148k the moving in costs including deposit were about 18k my partner put in 4k and I put in the rest.

We split and I moved out approx a year ago. She has been renting rooms and paying all of the mortgage with the rental income. During this time she has changed the locks refused me access to the property and withheld any info relating to the tennents / income.

She has now said she can no longer pay the mortgage although there are no arrears at the moment.

The house is worth approx 150k at the moment so at best we would break even if it were sold. I have offered her 8k to sign the house over to me with my parents standing as guarantor's / putting in some money to the property as I went bankrupt in July 08 but am now discharged.

I have a good wage now but cannot afford to pay rent on my own flat and half the mortgage.

She has flatly refused my offer of 8k and says that she wants 14k which is out of the queswtion. If the mortgage goes unpaid presumably bir mid will just start the repossession process and we will both incur the damage that will cause. Having just come out of bankruptcy I am trying to get my life back in order and am at my wits end with this.

Does anyone have any suggestions?

If any further info is required I will happily supply it.

Thanks in advance.

DCodd

As far as I am aware (had a similar situation with my Sister and her ex) you are entitled to move back into the house, tell her that if she does not give you a set of keys and allow you access to the house you will seek legal advice and then move back in!. I think you actually could put the house on the market yourself but someone better qualified hopefully will post for you.

Good luck

battleweary

thanks for your comments unfortunately moving back in really isnt an option as I have my children to think about. They have had no contact with my ex for a year and it is in their interest that it stays that way.

Thanks again tho.