How is this fair?

MaggieD

I am desperately trying to get off of benefits, currently the DSS are paying my mortgage interest - I wanted to apply for a job but unfortunately the salary isn't enough - even with tax credits - to cover my monthly payments.
Having spoken to the bank to ask if I could continue with either a interest only mortgage, or to extend the term making the payments lower, they have said that my ex (whose name is on the joint mortage) would need to agree to this.
Given that he is desperate for me to sell the house (even though he is living with his new wife in their house) He has told me he wouldn't agree to this.
He has never paid any child maintenance towards his two sons (even though I have told the CSA many times) nor has he paid anything towards the mortgage since we split 10 years ago - I find it so unfair that my attempts to get back to work and pay the mortgage myself, will be dashed because of my ex's refusal to negotiate.

MissMoneypenny

Could you sell the house you are in and move to a smaller property?

MaggieD

The house I live is is only 2 bedrooms, with a 14 year old and 11 year old I couldn't possibly move anywhere smaller.
Also, as I would only get half of the equity if I sold, that wouldn't be enough and I doubt I'd get a mortgage on a £9,000 salary.

beecher2

Sell and rent? Might be a better long term option as otherwise how will you pay off the capital at the end of the term?

MissMoneypenny

MaggieD wrote: »

The house I live is is only 2 bedrooms, with a 14 year old and 11 year old I couldn't possibly move anywhere smaller.
Also, as I would only get half of the equity if I sold, that wouldn't be enough

Can you move to a cheaper area?
You should get more than half the house equity as pension values come into the calculations too.