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.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
where to go from here??
pinklady82_2
Posts: 4 Newbie
Hi,
I brought a property with my boyfriend 2 years ago, but due to splitting up the house has been on the market for 12 months with no offers to date and neither of us live in it and we have no children. My ex wont agree to lower the price or move estate agents. And i have explained i cant afford to keep paying my half of the morgage each month for much more as i am now renting a house. we have both moved on and i just want to cut all ties but cant do until it is sold. It was brought under a scheme so we cant rent it out either.
where do i go from here as i just cant afford to keep paying for the house and my rented property!!
I brought a property with my boyfriend 2 years ago, but due to splitting up the house has been on the market for 12 months with no offers to date and neither of us live in it and we have no children. My ex wont agree to lower the price or move estate agents. And i have explained i cant afford to keep paying my half of the morgage each month for much more as i am now renting a house. we have both moved on and i just want to cut all ties but cant do until it is sold. It was brought under a scheme so we cant rent it out either.
where do i go from here as i just cant afford to keep paying for the house and my rented property!!
0
Comments
-
Drop the price.0
-
Bought under what sort of scheme? It seems to me that as long as you continue to pay your half of the mortgage payments your partner will be tempted to maintain his position. Have you explained that once you stop paying your half the mortgage company will start looking to him to make the shortfall and if he can't then you'll be in danger of having the property repossessed? This might concentrate his mind on being a bit more realistic about the selling-price0
-
0
-
Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
eBay sales - £4,559.89 Cashback - £2,309.730 -
BitterAndTwisted wrote: »Bought under what sort of scheme? It seems to me that as long as you continue to pay your half of the mortgage payments your partner will be tempted to maintain his position. Have you explained that once you stop paying your half the mortgage company will start looking to him to make the shortfall and if he can't then you'll be in danger of having the property repossessed? This might concentrate his mind on being a bit more realistic about the selling-price
If both names are on the mortgage then the company will chase them both, register defaults on both names etc etc. she is as liable for the repayments as he is.
My advice? Phone the ex, tell him you're dropping the price, give him some prices of similar houses that have sold locally for similar amounts to what you want to drop to. don't ask, tell. give him two days to get over it and then phone the estate agent and instruct him accordingly if the ex won't.
don't let him call all the shots.current debt as at 10/01/11- £12500 -
Here's a thought - why don't you move back in to the house, without ex, thereby saving you extra rent - your investment can increase and he is still paying his 50% as well. I don't know the full circumstances so this may be a non starter - just a early morning thought0
-
it was brought under the affordable housing scheme. I cant get bad credit due to my job, so i cant stop paying. I have showed him what other houses are selling for even had the house re valued, but he wont agree to drop the price and without both parties agreeing the estate agent wont let just me drop the price and both names are on the paperwork. Surely someone else has been in this situation before i cant be the only one.0
-
I would move back in but i have a special needs child from a previous relationship and i want her to feel secure so thats why i moved out because if it was sold i would have to find other accomodation, and lucky for me i found an adapted property on a long tenency so dont really want to give that up0
-
Is the house in negative equity? Would it be an option for one of you to sell - or give - your share of the property to the other one?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards