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A little advice please
morphaic
Posts: 3 Newbie
This is a long story but I will try to make it as short as possible.
I would appreciate any advice you all have as I am afraid I don't trust my own any more.
4 1/2 years ago I purchased a house (my first) with my partner. Things went well until he lost his job at the end of '07 and our mortgage payments suffered because of it. After a very long time not paying the full installments we were taken to court and came to an agreement with the mortgage company and are now paying a fixed sum per month.
My partner and I split up in '08 and immediately put the house on the market. The problem is that, despite us having viewings every so often, it still hasn't sold. The asking price has been decreased steadily and we cannot go down any further.
We live together quite happily as we have remained close friends since the split (just as well as we are kind of forced to live together).
Another problem is that my ex STILL hasn't found employment and I am paying through the nose for it. I won't give figures but I write down everything I spend MY money on and if we talk percentages I am paying for 80% of everything we buy and all our direct debits. And even then I guess I am being generous.
I have reached the point now where I have to wonder what is more important to me; our friendship or my finances? Despite his generosity (when he has money it does go towards us) and claims that he is actively seeking employment, I am beginning to think that this is how things will stay.
We have a joint mortgage (oh, the hindsight) and a joint bank account as well as individual accounts.
What are my options here? The mortgage company know the story but obviously all they want is their money every month. I know I can't just pack up and leave so what can I do?
Again - ANY help would be gratefully accepted.
Thank you.
I would appreciate any advice you all have as I am afraid I don't trust my own any more.
4 1/2 years ago I purchased a house (my first) with my partner. Things went well until he lost his job at the end of '07 and our mortgage payments suffered because of it. After a very long time not paying the full installments we were taken to court and came to an agreement with the mortgage company and are now paying a fixed sum per month.
My partner and I split up in '08 and immediately put the house on the market. The problem is that, despite us having viewings every so often, it still hasn't sold. The asking price has been decreased steadily and we cannot go down any further.
We live together quite happily as we have remained close friends since the split (just as well as we are kind of forced to live together).
Another problem is that my ex STILL hasn't found employment and I am paying through the nose for it. I won't give figures but I write down everything I spend MY money on and if we talk percentages I am paying for 80% of everything we buy and all our direct debits. And even then I guess I am being generous.
I have reached the point now where I have to wonder what is more important to me; our friendship or my finances? Despite his generosity (when he has money it does go towards us) and claims that he is actively seeking employment, I am beginning to think that this is how things will stay.
We have a joint mortgage (oh, the hindsight) and a joint bank account as well as individual accounts.
What are my options here? The mortgage company know the story but obviously all they want is their money every month. I know I can't just pack up and leave so what can I do?
Again - ANY help would be gratefully accepted.
Thank you.
0
Comments
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If the price is droped to break even and still won't sell.
options.
Sell at a loss to make the break.
What will it rent for? ( A lot of work/expence so unlikely to be enough)
If he can't pay his way, he may have to move out and a lodger move in that can pay.
This would also allow him to widen the search for work to other areas.0 -
He will not lower the price and will never move out. He has a daughter who lives her half the time as well.
With a joint mortgage can one party force the sale of the property?0
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