Joint Mortgage but Im the only one paying

grogdog

what about telling the mortgage company that it is your intention to move back into the property, but you cannot do this until all is sorted with your ex wife and the rental will only be short term.

serious_saver

You're right that you need to get agreement from your lender first before letting your house.

You say that you have no intention of moving back at any point BUT why don't you approach them and ask if you could get permission to let for a shorter period. You could tell them that you would be looking at moving back in a couple of years time. To be honest, circumstances change and in a couple of years things may be very different and you would want to move back. It doesn't sound as though selling your house is right for you or your ex at the moment as you're not getting its true value back.

getmore4less

candytwinkle wrote: »

Just lots of unpleasentness from her and her family, 2 of whom I work with. Were not divorced yet and so Im trying to keep it all as decent as it can be but she is a physco. It would also put added strain on my new relationship.

If thats the case then you will need a new job anyway, this will not get any better.

motoko

I don't see what right your ex has to dictate whether your new girlfriend lives in the house since she isn't paying towards the mortgage. Legally she should be paying half the mortgage payment and if you wanted to live there with your girlfriend you should pay your ex half the rental value, for as long as you both own the property equally. Assuming that the mortgage payment and the rental value are about the same, it sounds like you are effectively paying her rent but not living in the property.

TimmyH_3

This a really intersting thread, i am going through exactly the same scenario.

I have written a business plan to the mortgage company to try to sweet talk them into making the right decision. The mortgage company won't want the cost of repossessing the property, even if they send the debt to you, go bankrupt, and they have made a BIG loss. It would be in their interests to allow you to do what you want to do.

I am waiting to hear back from mine. Get putting a case together! Its always worth a try! :-) Good luck!

candytwinkle

Thanks all for replies,

I could try putting it in writing. I've talked to the One account who my mortgage is with and they don't propose any solutions even though i've stated my case.

I think I'll call them again about renting tonight and tell them Im going to move back in as suggested, see where that gets me.

With regards to my ex, legally I can't make her pay,we are both liable for the full amount. Any non payment effects us both.
Theres quite a few chosen words I could say about her to be honest. I just need to find a solution to my situation until it's sold.

RenovationMan

If I were given a choice of unpleasantness or financial ruin, I know which one I would choose.

You obviously cant afford to pay for two places, so move back into the house and hang the consequences. With no rent to pay, you could save up as much as possible and improve your LTV. If people are unpleasent then just explain the situation to them, if they persist then tell them to keep their beaks out of your business.

candytwinkle

RenovationMan wrote: »

If I were given a choice of unpleasantness or financial ruin, I know which one I would choose.

You obviously cant afford to pay for two places, so move back into the house and hang the consequences. With no rent to pay, you could save up as much as possible and improve your LTV. If people are unpleasent then just explain the situation to them, if they persist then tell them to keep their beaks out of your business.

You are 100% right. To be honest I really don't what to move back in, I know what i'll be up against but If push comes to shove I'll have no choice.

RenovationMan

I would broach the subject with the members of her family that you work with and explain the fix your in. People are often more reasonable if they are aware of the whole facts and I doubt that they would want to get involved. Your ex has another partner and is getting on with her own life, why shouldn't you?

Move back to the house, put as much money into savings account as you possibly can and as soon as you have enough money to remortage the house, do it and then put it up for sale!

The other alternative is to stop paying the mortgage and go bankrupt.

candytwinkle

"The other alternative is to stop paying the mortgage and go bankrupt"

What would be the implications of that? obviously i'd not be able to get any credit for a while but then neither would she.