Urgent advice needed please

sulli1

Hi not an unusual situation i'm sure, basically I have split from my partner and she has moved back with her parents, I am still living in the home which we have a mortgage on, the house is currently in negative equity, probably £20k or so, I having a feeling she will not pay the mortgage next month and I cannot afford this on my own.

I will shortly be taking legal advice but I'm hoping for any advice before I do so. Any ideas of any options that I have? suggestions?and the likely repurcussions? outcomes?

Thanks very much in advance.

Thrugelmir

Then be prepared to hand the keys back and allow the lender to take possession. Deferring the sale will merely add to the outstanding debt by incurring arrears. Both you and your ex have a joint liability for the shortfall. Something which will need to be addressed. Your ex isn't in a position just to walk away. Something you should point out to her.

Consulting the CAB is a cheaper option for advice.

Mrs_Z

Do you have a spare room? Take in a lodger?

sulli1

thanks for replies, unfortunately it may end up going down the repossession route, I suppose there is no harm in seeing what the CAB have to say before involving solicitors, a lodger could be an option- I have a dog though which will put alot of people off.

hcb42

well better to have a lodger than a repossession, although you also need to make it clear to your ex partner about her responsibilities....

Jenniefour

And if dog is nice well behaved variety might not put off as many as you think.

sulli1

hcb42 wrote: »

well better to have a lodger than a repossession, although you also need to make it clear to your ex partner about her responsibilities....

Hi, what main points shall I make to her?

hcb42

she is jointly liable for the whole debt.....she cannot just walk away and expect you to resolve it on your own. Harsh, maybe, but not as bad as running off and leaving you with it, that's appalling. so her credit rating will also be stuffed if you cannot pay up

sulli1

thanks for quick reply- yes will point that out

RuthnJasper

Hi Sulli1,

Sorry you've been stitched up by your ex. It's bad enough when a relationship breaks up, without all of this extra hassle.

I just wanted to say that you should definitely check out the lodger option. A lot of people (and I would be one of them) would probably like to have a dog in the house (as long as the mutt is relatively sociable!). Just be sure to mention the fact if you put an ad in the paper or whatever, so that anyone who responds will already be prepared for the fact that one of their potential new housemates will be canine!

Also, if you DO go for this option, make sure that you get a proper agreement in place (and in writing). There's loads of advice on here and WH Smiths sell advice and contract-packs relatively cheaply (http://www.whsmith.co.uk/CatalogAndSearch/ProductDetails.aspx?productID=90011351).

You might also keep in mind that if your home IS repossessed, you may have a problem finding a small rental property where you can keep your dog. Not always the case, but I had a problem myself when trying to find a property for me and my dog Jasper.

Whatever you decide, I wish you (and the dog) all the very best of luck. xx

sulli1

RuthnJasper wrote: »

Hi Sulli1,

Sorry you've been stitched up by your ex. It's bad enough when a relationship breaks up, without all of this extra hassle.

I just wanted to say that you should definitely check out the lodger option. A lot of people (and I would be one of them) would probably like to have a dog in the house (as long as the mutt is relatively sociable!). Just be sure to mention the fact if you put an ad in the paper or whatever, so that anyone who responds will already be prepared for the fact that one of their potential new housemates will be canine!

Also, if you DO go for this option, make sure that you get a proper agreement in place (and in writing). There's loads of advice on here and WH Smiths sell advice and contract-packs relatively cheaply (http://www.whsmith.co.uk/CatalogAndSearch/ProductDetails.aspx?productID=90011351).

You might also keep in mind that if your home IS repossessed, you may have a problem finding a small rental property where you can keep your dog. Not always the case, but I had a problem myself when trying to find a property for me and my dog Jasper.

Whatever you decide, I wish you (and the dog) all the very best of luck. xx

Hi thanks for advise, yeh it is a horrible situation especially as we'd been together six and a half years, and I thought we would sort things out. She may pay but I extremely doubt it, she has paid for some of last months mortgage but left me £150 short.

I've got nothing to lose in trying to get a lodger, I can afford to pay a couple of months on my own before I will be desperate. My dogs a staffie! but hes soft as anything- with people anyway (not cats or other dogs!) and if I put that in the advert people will know.

I'll check out that website shortly.