past mortgage and trying to move on!

mothercranky

I would appreciate any help i can on this one.......its a bit long winded though..

my ex and i split in september 2007.
we are both named on the mortgage, but as he refused to leave the property i ended up lodging with friends, then i took out a loan to enable me to move out of the area and rent my own place.
i paid half the mortgage for 6 months then could not afford it any more so he took over the mortgage payments.
he has paid it since then and continues to live there, the house has not had any offers in all this time and we have reduced the price by 40 thousand. If we sell it now we will just break even but neither of us will make any profit.

i have asked him of he can buy me out but he says he cant afford it.

I now live 240 miles away, and have met someone else and got married.

we would like to buy a place together (our current rent is 900 a month) but are unable to as i am still on the other mortgage and my hubby doesnt earn enough alone (21000)

we have looked into the homebuy direct scheme and have been accepted, but cannot continue with it in just his name, as was our plan.
this scheme ends in june this year and is the only feasible way i can see us getting on to the housing ladder.

if anyone has any suggestions i would be very grateful to hear them, i thought about me and hubby buying him out and then part exing the house for a barrats house but couldnt afford mortgage on that and paying rent here until it was sorted.

i have asked if he is willing to take me off the mortgage and i will give up my rights to the old house but he has refused to do that.

i am so desperate, this past house and relationship is haunting me!!!


can anyone help?

PasturesNew

Your ex can't take you off the mortgage. It's not his choice. The ONLY way to get you off it in this situation is for him to get a mortgage on the whole house in his name only, which he can't do.

You bought at the peak and just a few months later you're already married to somebody else and wanting to buy another house. You need to slow down. You won't miss out, you won't miss the boat. Stop going through life rushing at everything.

You will have to wait. Wait until your ex earns enough to get a mortgage solely on his salary, or, wait until the house sells.

dopester

PasturesNew wrote: »

You bought at the peak and just a few months later you're already married to somebody else and wanting to buy another house.

I think you need to re-read the OPs post on that point (she doesn't say when they originally bought), but other than that, your other stuff sounds about right.

mothercranky

thanks for your input, but actually, its not a few months later its 2 and a half years later. I actually dont go through life rushing at everything, I had lived in the house for 10 years.

PasturesNew

mothercranky wrote: »

I had lived in the house for 10 years.

Ah, 10 years ... during that time house prices ended up double or treble what they were bought for, by the sounds of how much was in it, I guess I assumed it was bought about then. Why can't you/he just drop the price to sell it?

I'm surprised that after 10 years you won't walk with a few quid though.

Fire_Fox

Have you taken legal advice?

mothercranky

yes, I took legal advice but mainly over whether I had to pay back half of every mortgage payment he has made since i left. I didnt really enquire if there was any other way other than to wait.

Fire_Fox

Then you need to take legal advice again!

pie81

Can you ask him to take in a lodger (who would live in "your" half of the house) until it gets sold? That way at least you would get some income from it and maybe be able to pay down the mortgage a bit.

I don't know what your legal rights are if he refuses but worth a try.

mothercranky

yeh, thanks i did suggest the lodger idea but he didnt want to do that. also suggested that we rent it out until the market picks up again , but no!