money in joint accounts

Pollycat

chocolady wrote: »

My husband and I have been separated several years and just kept joint account going while attempting reconciliation albeit long winded. He has now suddenly met someone who he appears to be swept off his feet by and without telling me has started to spend alot of money on this woman from our joint account which is causing us to go overdrawn. He says he will take his salary from the joint account at the end of the month but I am worried he will leave me with a massive overdraft. I have been told that freezing the account will mean a black mark for both of us when it comes to getting a mortgage so that is not an idea to take lightly. We have a £6750 overdraft which I am worried he will run up so am going to get that reduced but its a big worry. He has said he will pay me child maintenance and half the mortgage until we divorce. I have said if he agrees to a better split for me and our son then I will try and do the divorce myself and just split the finances through a court order. However the big worry is the lack of control over the joint account. I am worried if he agrees to take his name off it then does that mean as its an offset account he is no longer liable for the mortgage as I just cant afford to pay it all at the moment. Dunno wot to do and fear a rampant amount of spending coming up with the advent of valentines day!! Does anyone know what to do in the circumstances?

Chocolady
if I were you I'd start a new thread for your situation rather than tagging onto this one.

A couple of posts after yours are addressing the original post which is almost a year old.

Good luck with sorting this out, it's sounds like it might turn into a real headache for you.

Caroline_a

chocolady wrote: »

My husband and I have been separated several years and just kept joint account going while attempting reconciliation albeit long winded. He has now suddenly met someone who he appears to be swept off his feet by and without telling me has started to spend alot of money on this woman from our joint account which is causing us to go overdrawn. He says he will take his salary from the joint account at the end of the month but I am worried he will leave me with a massive overdraft. I have been told that freezing the account will mean a black mark for both of us when it comes to getting a mortgage so that is not an idea to take lightly. We have a £6750 overdraft which I am worried he will run up so am going to get that reduced but its a big worry. He has said he will pay me child maintenance and half the mortgage until we divorce. I have said if he agrees to a better split for me and our son then I will try and do the divorce myself and just split the finances through a court order. However the big worry is the lack of control over the joint account. I am worried if he agrees to take his name off it then does that mean as its an offset account he is no longer liable for the mortgage as I just cant afford to pay it all at the moment. Dunno wot to do and fear a rampant amount of spending coming up with the advent of valentines day!! Does anyone know what to do in the circumstances?

Sorry to hijack thread for a second.... he is legally obliged to pay child maintenance until your children leave education. You need to start your own thread... before it all goes really really wrong for you. Do not 'try to do the divorce yourself'. The courts will probably order a 60-40 split if your son lives with you. Do you have your own income? There will be a lot of people here who can offer you good advice, so your own thread would be the best place to start.

**oops cross post, sorry Pollycat :-)