A joint mortgage with an ex boyfriend still has me tied after 7 years help!

Ami_Creative

I have been split up from my boyfriend for 7 years now and have a joint mortgage together still. He still lives in the house i havent lived there for 7 years. We stupidly had a joint loan together too. So at the moment if we sell the house for £95k there is still £12k left to pay on the loan. He tells me he has really bad credit and has tried to raise funds for the 50% (£6k) but says he has been refused. He does want to sell (he says) but basically is saying that either i have to take the full debt on myself £12k or i can never own my own home, i cant get another mortgage whilst still on the mortgage here! PLease help! i am sooo desperate i have paid for solicitors and nothing groundbreaking happened there as his statement of saying "i am not credit worthy enough to get any funds" seemed to bring everything to a hault. Where do i go from here?? He shouldnt even be in that house as he isnt credit worthy enough to even be there, without me he woldnt have been able to live in that house or have money from the joint loan. I am so annoyed and upset please can someone help me x thanks amy

silvercar

Who is living in the property and who is paying the mortgage?

IndySounds

Hey I am in a very similar position to you, its affected me for the last 2.5 year where I have been renting elsewhere and paying 50% of the mortgage whilst my ex lives in the house! its not fair and made worse by the fact that solicitors can't really help and as an unmarried couple doesnt get much support!!!

If you an take over the mortgage and the joint loan how much do you need to borrow and can you afford to do it according to the banks criteria??

If it was me and the sake of paying of my ex' half of the loan (6k) I would do it for an easy life, you have already had this running for 7 years and this will clearly run for many more as he isn't willing to do anything else to help.

If you can remortgage and pay off what you need to get him out, do it. Even though its painful paying off his half of the debt you need to weigh up which is worse, pay 6k for him or live the way you live now....Whats more valuble to you?

I am on a mission to get mine sorted by the time my fixed term ends (may'12)!!!

Best of luck, I truely know how you feel!!