Some advice needed

paddy's_mum

Do you not think that, in a way, your fiance has simply taken over the role of wife to this idiot-who-won't-learn and that some day soon, he too will be looking for a 'divorce' to escape the burdens?

pollyanna24

I'm trying to see it from everyone's points of view and everyone has a fair argument.

The house legally belongs to your fil2b. Your fiance pays the mortgage and bills and everything.

If the fil2b doesn't sign over the house, as you suspect, it will be frustrating, annoying and feel like a lot of money has gone down the drain from your fiance's point of view.

But... at least he doesn't have a financial tie to the house. At least, if your fil2b won't sign over the house, your fiance is free to walk away from it all and just rent or buy with your good self. And look on the lost money as money he would have had to spend on rent anyways.

And leave the problems to his dad (I'm not saying this is "morally" correct, but if he won't help himself and won't sign the house over, then your fiance will have to start looking after the people he is supposed to.. i.e. wife and prospective children).

iamana1ias

Stephb1986 wrote: »

I don't see how that is financially fair on me I've worked hard for money I've got I have no debts at all I've got a new car and everything I want (possession wise)

Erm, didn't your money come from a massive compensation payout (or am I confusing you with someone else?)

Stephb1986_2

pollyanna24 wrote: »

I'm trying to see it from everyone's points of view and everyone has a fair argument.

The house legally belongs to your fil2b. Your fiance pays the mortgage and bills and everything.

If the fil2b doesn't sign over the house, as you suspect, it will be frustrating, annoying and feel like a lot of money has gone down the drain from your fiance's point of view.

But... at least he doesn't have a financial tie to the house. At least, if your fil2b won't sign over the house, your fiance is free to walk away from it all and just rent or buy with your good self. And look on the lost money as money he would have had to spend on rent anyways.

And leave the problems to his dad (I'm not saying this is "morally" correct, but if he won't help himself and won't sign the house over, then your fiance will have to start looking after the people he is supposed to.. i.e. wife and prospective children).

I think it would be a good idea if he did walk away from the house because still as his dad has no money at all he wouldn't be able to afford the mortgage or any rent so eventually would end up being evicted.

I wish this situation was so much easier I know it's a bit of an unusual situation to be in I just don't want to look like I'm the bad one.

Stephb1986_2

iamana1ias wrote: »

Erm, didn't your money come from a massive compensation payout (or am I confusing you with someone else?)

Yeah but I also have money that I've saved up other than that.

iamana1ias

pollyanna24 wrote: »

But... at least he doesn't have a financial tie to the house. At least, if your fil2b won't sign over the house, your fiance is free to walk away from it all and just rent or buy with your good self.

Eh? Since when could you just walk away from a mortgage? It would have to be paid off!

iamana1ias

Stephb1986 wrote: »

I think it would be a good idea if he did walk away from the house because still as his dad has no money at all he wouldn't be able to afford the mortgage or any rent so eventually would end up being evicted.

I wish this situation was so much easier I know it's a bit of an unusual situation to be in I just don't want to look like I'm the bad one.

But if your OH stops paying the mortgage his credit rating will be screwed for 6 years and there go your chances of getting a house together.

If he keeps the mortgage but moves out you still wouldn't get a mortgage together because his wages are already being used.

I don't think anyone has thought this through.

Person_one

Does the dad work at all? When your OH came to the agreement with his dad about buying the house at a discount, what was the plan for where his dad would live after signing over the deeds?

Can he not work and pay rent to your OH to cover that mortgage while you and he live elsewhere? Is the mortgage in your OH's name?

Is the dad getting any help with his debts from CAB etc? Is he paying them off at all or is he still racking them up?

On the whole it might have been better for your OH to let his dad get evicted, but what's done is done.

Stephb1986_2

iamana1ias wrote: »

Eh? Since when could you just walk away from a mortgage? It would have to be paid off!

His dad is on the mortgage because his name is on the deeds so sure enough he could just sign it over to his dad? I don't know about this sort of thing.

iamana1ias

Stephb1986 wrote: »

His dad is on the mortgage because his name is on the deeds so sure enough he could just sign it over to his dad? I don't know about this sort of thing.

Erm, no. The mortgage company will run credit searches and will want to know how the payments will be made.

As you said yourself, how can your FIL make mortgage payments when he has no job?