Partner ran off - shes on mortgage!

j3mm4l33

basically, im writing this for my partner.

story is, he bought a house with a female in 2007.
They both on the mortgage.

In 2008 i moved in to be with him.
She left and he couldnt keep up mortgage payments and got £3000 into mortgage debt as she has never paid a penny since leaving.

both me and him pay the mortgage now im working, we are very stressed
and absolutely HATE the house and where we live, away from family.

She still pays nothing and lives rent free with her partner and works full time too.

We want to move out and quick - if we sell - he cant afford the fees as we have NO EXTRA income after paying bills and mortgage.

it wont sell - its in a council estate in a ruff bit.

it will be a 10 - 15k loss of so.

How can we shaft her to make her go back and we move out?

or any help, we relly hate our lives...

tanith

Why can't you rent it out? then use the rent to pay the mortgage (you have to get permission from the lender).. if she is still on the mortgage she might want to claim half the income though... someone will be along with all the legal implications I am sure..

JA1000

"In 2008 i moved in to be with him.
She left and he couldnt keep up mortgage payments and got £3000 into mortgage debt as she has never paid a penny since leaving."

You moved in and then she moved out!!!!!!!!!!

If she is still on the mortgage then she is responsible and her credit will be affected. She will take 50% of the loss you sell.

It sounds like she was the one covering the mortgage if it cannot be covered now.

Barny1979

Yeah, if it sells she is responsible for 50% of any loss. Does the mortgage company know she has not contributed to the mortgage for so long?

j3mm4l33

because he only pays £50 a month off the £3000 k debt, theres still a good 2500k left....
they wont allow him to rent, and even if we did on the sly....wat if the renters move out? then were stuck to fund house again

the mortgage company must know she doesnt pay anything..

wat happened was.. he went to court after recieveing a letter, he went alone, explained that the female (other mortgage owner) had lied about having cervical cancer to get out of paying the house and then left.

he explained this to the court, for which he set up this £50 a month plan...

j3mm4l33

JA1000 wrote: »

"In 2008 i moved in to be with him.


If she is still on the mortgage then she is responsible and her credit will be affected. She will take 50% of the loss you sell.

It sounds like she was the one covering the mortgage if it cannot be covered now.

she only ever paid 2 payments to the house.
i only pay half mortgage to help him, as im not permanently living there.

i have my own debts and unfortuntely for him, his debts are coming out his eyeballs and are alot more than the mortgage monthly payments,

JA1000

You are funding his debts!!!!!!!!!!!!!!!!!!!!!!!

One day you will think about this post and in particular this one that says - WHAT THE HELL ARE YOU DOING!!!

You can't see this at the moment as he is the best thing since sliced bread but you are giving him money without a legal agreement and now every penny you give him reduces your chances of you getting somewhere on your own or with someone else.

By the way now he has been to court he is unlikely to ever get any credit or mortgage again for at least 5 years so hope you don't have any plans.

Sorry to be harsh but this is the blunt truth, don't fund it unless you have a proper legal agreement but even then he is unlikely to be able to pay back.

Walk away let him sort out his own problems and when he has see if you are still willing to help. Don't try to help on something you can't fix and if you put your name at his address somewhere along the line you will be linked whether you should or not.

j3mm4l33

I Appreciate your honesty, however is my long term partner and we love each other? ive been played many a times....and know when or when not to do something, being as i live there 20 days at least a month, i should contribute something to his bills and stuff?
I would never walk away...and for future terms, i would never EVER have a mortgage and buy a house. my mum has rented her whole life and so will I, i dont beleive in them and would never ever tie myself to something with someone else...
basically im paying him rent...i dont really see the big deal?

j3mm4l33

anyway...others.... if anyone can give me advice on how to shaft this female thats ran off scot free, can u advise?

beecher2

j3mm4l33 wrote: »

anyway...others.... if anyone can give me advice on how to shaft this female thats ran off scot free, can u advise?

I don't think you should be focusing your energy on 'shafting' her as both parties are equally responsible for the mortgage, and you're in negative equity with huge amounts of debt. You need professional advice on how to get out of this situation, and you're not going to be able to walk away from it.

JA1000

2 years ago and she moved out, do you consider 2 years long term because 3 years ago he bought it with the other person. You have been helping for two years and the debt continues to grow?

Surely you should sell move away and start again cut your losses than let it grow.

I appreciate your determination to never have a mortgage as I am sure a lot of landlords in this forum will.