Joint mortgage with ex - now going on maternity ? what options

kimbubbly

Hi
I am really stuck with what i can do and would appriciate any advice anyone can give me.

August 2008 me and my no ex partner got a joint mortgage of £98000
We have since split up ( junne 09) he moved out and i have been paying the mortgage alone for the past 10 months - i cannot get his name off the mortgage as far as the bank is concerned i do not earn enough on my own to make the payments.
I am now 6 months pregnant and will be going on maternity leave in july - which is going to mean my monthly income will be halfed (i will only get statatury maternity pay)
bascially i will not be able to afford the mortgage
.
The house is in negative equity and not in a fit state to be sold - it would cost money i dont have to fix up all the little problems and could still take months to sell - i am not eligable for a payment break as there is no equity in the property.
My ex just refuses to answer phone calls and has not intention of paying anything.
I am really just thinking about handing back the keys and moving back with my dad -
if anyone has any advice i would be most grateful as i am getting very streesed about this now as its getting closer and closer to my due date
i have an appointment with the mortgage adviser on friday but i feel all they will say is that my ex is liable - which i no he is but if i cant get him to pay or acknowlege and responsability

gjchester

You probably need a solicitor not a mortgage advisor.

Depending on the contract wording he may still need to pay his share, and may be liable for any loss (or any profit ) on the sale. Handing the keys back will not resolve you of debt, the bank will sell it and if there is any loss over what the mortgage was for then you (and maybe him) will be persued for the difference. Unlikley but if they sold the house for £1K, you'd be liable for the difference of £97K.

I'd say the best thing is to get legal advice quickly, He may not be willing to talk to you, or pay but if it becomes a legal case he'll have no choice but to answer letters or risk judgment against him.

Good luck with it and the pregnany

getmore4less

If you can't afford it then don't get other debt to pay it.

If it is going to happen anyway one option to consider is to get the ball rolling by defaulting now and start saving the mortgage money.

Reposession might be the only solution unless the ex et his fnger out and starts paying

Get advice.

If you allready have other debt then it makes it more critical.

Why did you take on the place and not him?
If he moved back in would he pay then?

Is there room for lodger(s) would this help get through the loss of income?

kimbubbly

I took it on as he went back home and we had 3 dogs at the time - which i have now had to re-home 2 of and am still paying vets bills for when we were together...
My ex has walked out and not paid a penny since june 09 when he left - i have not asked him for anything until now where i need a solution due to going on maternity - we have the option of renting but that will cost money to fix the house up to a standard where it can be rented out and im not in a postion to pay out for these things as well as keeping up with mortgage repayments. Also it could take 3 - 4 months to sort out and i dont really have that kind of time now.

I am really worried aobut becoming homeless
I can go back to my dads but its not really a long term option with a baby on the way

Thank you for your advice

I was thinking about not paying from this month then at least i will be able to save up 3 months worth of money before im on maternity so i have something behind me as i have no savings at all.
to be honest im quite surprised we got a mortgage in the 1st place as i dont have the best credit rating and i was only 20 at the time..

its just a nightmare situation
my advice to anyone - DONT BUY RENT!!! hind sight is a wonderful thing

getmore4less

Another thought, is the current mortgage repayment would going Interest only help, allthough this may not be an option if the leder does not agree.

Might be sensitive subject/non starter, but any possiblity of help from the father of the child?

I would not stop paying just yet you do need to seek help from people that know about more options like benifits.

Try CAB, might be that benifits increase enough to get through.

kimbubbly

My now partner (babys daddy) is not currently working other wise he is quite happy to help me he lost his job last month and only has bits and bobs of agency work at the min -and i cant rely on this at the moment cant get any help from the job centre or anything like that due to my ex's name still being on the mortgage

Ive enquired about intrest only it takes £30 a month of a £650 payment

sorry dont mean to seem like i am just putting up blocks to all the advice im getting - its just there seem to be alots of diffrent situations contributing to this situation...

VIGILANT22

Your options are very limited...you should be contacting someone like Shelter/CAB (sooner rather than later)......

madeupname1

Any possibility of getting the mortgage extended over a longer period of time, which would have the effect of bringing down monthly payments?

poppy10_2

madeupname1 wrote: »

Any possibility of getting the mortgage extended over a longer period of time, which would have the effect of bringing down monthly payments?

That's just going to prolong the pain, OP will want to extricate herself from this position as soon as possible to avoid building up further debts