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Mortgage Penalty Loopholes??

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  • r_n_carpenter
    r_n_carpenter Posts: 23 Forumite
    Part of the Furniture Combo Breaker
    edited 17 December 2009 at 8:24PM
    What is current value / mortgage amount ? £540k (offer today) £378k mortgage

    What is current repayment method ? Interest only

    Who is currently paying mortgage and is it up to date ? Jointly (mainly me) and yes

    Is it joint tenancy ? Yes

    Can you afford to pay current mortgage on your own (including lodger income)?
    The mortgage, but only because family have bailed me

    There are reasons for my questions other than noseyness (nosiness ?) !

    No she won't pay 100% of the ERC...I wish!
  • Aaaaah - the "forced the sale by the courts" rather changes the approach I was going to suggest - although (assuming no kids involved as this wasn't mentioned either) I fail to see how she got that, but I'm not a family lawyer or a lawyer of any sort (although I suspect she was better prepared and more aggressive than you).

    2 choices - roll over and die or see if a hard !!!! lawyer (and most aren't)can take it back via any sort of appeal (but almost certainly expensive).
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • ....new boyfriend is a lawyer!!!!!! Forced Sale can't be argued, tried it!!
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    What I don't get is the choice:
    - live in a half a million quid house
    OR
    - date some bloke in Newcastle

    I mean ... she's seriously made the wrong choice :)
  • I say nothing!!!!! :-)
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