clueless about options re mortgage

nightowllee

Hi can anyone advise: what options may be available for me.

I split up amicably from my husband 7 years ago and left the home.We had a endowment mortgage for 40,000.
We had a understanding that when he sold the house I would get a 50% share of any profit.
Unknown to me he stopped paying the endowment ( so they have contacted me and they have surrendered it for £7,500)
He has also got into run up extra debt to the tune of another £25,000.
The house is currently worth approximately £100,000.
There is 7 years left on the terms of the mortgage.
I am now in the position to get a mortgage with my current partner.
Does anyone know what my options are.

I know I have been stupid not dealing with this earlier but I am totally lost

many thanks for any help

CloudCuckooLand

Did your divorce place a timescale on selling/buying you out? If not, how do you plan to force him into selling? If he lives in it until he dies, he hasn't broken your 'undertsanding'.

Are you still named on the mortgage for the ex-marital home? If so, you will struggle to get another mortgage. You would need income that supported your halves of both mortgages.

If its only an verbal understanding between the two of you, without written/solicitor backup, you will have trouble getting him to honour it, I suspect.

If it was amicable you need to sit down with him, and agree the next step to suit the pair of you.

DVardysShadow

Force a sale or get him to take full ownership. Equity now £60,000, split 2 ways gives him £30,000 to pay off his debts and you £30,000.

Think about the consequences of forcing a sale if he does not want to do it.

Caz3121

have you been contributing to the mortgage over the last 7 years?