We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Questions Regarding House
Sunnylooloo
Posts: 4,295 Forumite
Sorry I think I will be begin to become a pain.
At the moment my house in on the market jointly owned with the Soon To Be Ex Husband.
If I go BR before our divorce if finalised what happens to the house.
Will the OR allow it to stay on the market and just take 50% of the equity?
At the moment I am living there but I am planning at some point to move to rented. Not sure if I should do this now before BR or wait?
What will be the lenders position on this (who are NR) there are also 2 secured loans on the property with them.
Will NR go after ex for payments?
Just really want to know what all the consquences are as OK as much as I dislike the ex don't really want to drop him in it totally (although as those in the know know he not being easy right now!)
Any advice would be helpful!!:)
At the moment my house in on the market jointly owned with the Soon To Be Ex Husband.
If I go BR before our divorce if finalised what happens to the house.
Will the OR allow it to stay on the market and just take 50% of the equity?
At the moment I am living there but I am planning at some point to move to rented. Not sure if I should do this now before BR or wait?
What will be the lenders position on this (who are NR) there are also 2 secured loans on the property with them.
Will NR go after ex for payments?
Just really want to know what all the consquences are as OK as much as I dislike the ex don't really want to drop him in it totally (although as those in the know know he not being easy right now!)
Any advice would be helpful!!:)
The worst cliques are those which consist of one man ~ George Bernard Shaw
Holiday Saving fund 2010 = £25.00
WeightLoss 2010 = +6lbs 
BSC 292
June NSD 11 :TJuly NSD 15:TAugust NSD 14:TSeptember 9:T October 19:jNovember 15/11
Holiday Saving fund 2010 = £25.00
WeightLoss 2010 = +6lbs BSC 292
June NSD 11 :TJuly NSD 15:TAugust NSD 14:TSeptember 9:T October 19:jNovember 15/11
0
Comments
-
Hi loo,
Will pm you later.
Do not ever worry about asking for help
love sizz:)0 -
As sizzler says do not worry by the amount of questions you ask, we have all been there. If anything is bothering you then just ask away, someone will always be here to help or advise you.:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
After the bankruptcy you cannot put it on the market but there is nothing to stop the ex putting it on the market. If he gets a buyer you will need the OR's agreement to sell. Usually as long as the transaction is at "arms length" and for true market value then the OR will be happy to agree and take 50%.Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0 -
Thanks guys.
The house is already on the market - but assume I now take a step back and the estate agents deal with the ex.
Would I need to move out immedately?
Should I carry on paying the mortgage?
xxThe worst cliques are those which consist of one man ~ George Bernard Shaw
Holiday Saving fund 2010 = £25.00WeightLoss 2010 = +6lbs
BSC 292
June NSD 11 :TJuly NSD 15:TAugust NSD 14:TSeptember 9:T October 19:jNovember 15/110
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards