Bad Bad Booby

kissjenn

Thanks DFW.

We've had a pretty good day here.

Homemade soup made
Homemade coleslaw made
Homemade stilton stuffed burgers made
Elec meter read and topped up in empty flat
Banking half done (one bank shut earlier than google said :mad:)
Dog walked
3 hours strategy coursework done
Kittens cuddled

Off to see Enders Game tomorrow...after extra hour in kip obviously

Oh and utilities tariff changed after lovely letter from Npower informed me that my elec was going up 12.9% and 13.4% for gas. But it was the nasty wholesalers fault obviously. Evil, lying, moneygrabbing barstewards. I hope the government nationalises them.

AlexLK

Sounds like you've had a great day, would like to hear more about stilton stuffed burgers though, sounds perfect for the BBQ next year!

kissjenn

Hi Alex,

I took a

500g packet of mince,
3 slices of grated stale bread,
half a small onion chopped finely,
an egg and
about a level teaspoon of chilli powder.

Chuck in a big bowl and massaged together.

Make into about 6 big balls (or more depending on how big you want them)
Slightly flatten and make a well in each with your finger.
Stick a wedge of Stilton (or whatever you fancy) in the well and cover it back over with the burger mix.
Then slightly flatten and you can grill, fry, George foreman or BBQ then.

Very yummy and you know exactly what's in them. I had the end of a bit of Stilton so just used that up. Only real cost was mince.

Hope that helps...we had them with homemade wedges and the coleslaw. Very tasty.

chevalier

bleugh! Stilton! eeew! No accounting for taste:rotfl:

I was wondering about this issue with the ex and the BTLs, could I just make sure I understand?

So you bought these together when you were married.
You both paid in for them?
Both contributed to the upkeep of them when they got tossed by tenants?
Since you bought them their price has fallen so you are in negative equity with them,
So when it came to parting ways, it would have been pointless to sell them as part of the divorce settlement.
Was there any point in working out the value of each and then giving x BTL to one person and y BTL to the other , and then taking each other of the relevbant deeds?
The current situation is that the properties are jointly owned, in negative equity, but are generating some income, which pays off the mortgage?

You are both still on the deeds, but whenever something needs doing to the flat you ( or your insurers) are having to pay for ALL of it not just you half of the cost of repair?

Is there a reason why your OH can't contribute (sorry if it has been said before).

So you are getting al the costs, but you are both accruing benefits becuase the mortgage goes down on each property each month.

So if he can't contribute, surely you would be within your rights when it comes to selling to say for example
x property sold for 100,000. Our profit is 20,000 (after the mortgage). Your half of the bills that is outsanding by you is 10,000, therefore your half is nothng.

Or am I not getting this.

chev

kissjenn

chevalier wrote: »

bleugh! Stilton! eeew! No accounting for taste:rotfl:

I was wondering about this issue with the ex and the BTLs, could I just make sure I understand?

So you bought these together when you were married. Never married
You both paid in for them? Yes
Both contributed to the upkeep of them when they got tossed by tenants? Only if there was money in the account. If there was a shortfall I pay/paid.
Since you bought them their price has fallen so you are in negative equity with them, Slight NE or parity with each one
So when it came to parting ways, it would have been pointless to sell them as part of the divorce settlement. No divorce per se. But we had them all valued with a view to me buying him out. I took legal advice and spoke to mortgage companies. He then spoke to a solicitor who said he'd be mad. Hold on to them as they will rise in value. Then he changed his mind again when he realised that he'd get no cash for years. By then I'd been diagnosed with cancer so couldn't take on the mortgages as companies wouldn't accept me. He blames me for reneging on the original deal which he had in fact turned down!!
Was there any point in working out the value of each and then giving x BTL to one person and y BTL to the other , and then taking each other of the relevbant deeds? See above answers. Plus he's has zero income so isn't eligible for a mortgage.
The current situation is that the properties are jointly owned, in negative equity, but are generating some income, which pays off the mortgage? Yes, sort of and occasionally.

You are both still on the deeds, but whenever something needs doing to the flat you ( or your insurers) are having to pay for ALL of it not just you half of the cost of repair? Insurers have only paid a couple of times, a flood and huge fire. The rest has been from money in the account or me.

Is there a reason why your OH can't contribute (sorry if it has been said before). He has congenital glaucoma and is registered blind. He will not work on any IT projects unless they "interest" him. He prefers to "do his own thing". Last time I spoke to him, about 16 months ago, his only income was DLA.

So you are getting al the costs, but you are both accruing benefits becuase the mortgage goes down on each property each month. BTLs on interest only. Financial decision based on leverage model and tax efficiencies. We'd be in a worse state if they were repayment. Benefits come from property rising in value over time (in theory anyway).

So if he can't contribute, surely you would be within your rights when it comes to selling to say for example
x property sold for 100,000. Our profit is 20,000 (after the mortgage). Your half of the bills that is outstanding by you is 10,000, therefore your half is nothing. Nope. He owns 50%, he gets 50%. That's the law unless he voluntary gifts me some money and that's never going to happen.

Or am I not getting this. Almost Biggest misunderstanding is you think this is a level playing field. For me o work my credit rating must be perfect. Not almost but PERFECT. He's determined to never work again so could go bankrupt and no skin off his nose. I can therefore never play the game of refusing to pay or calling joint liability. I'd lose and major game over :mad::mad::mad:

chev

Hope that answers it all. This post can now be the reference card for anyone else...must remember its number. 1706.

Karmacat

Oh kissjenn! I was looking at your post from yesterday evening about your plans for today, and thinking, ooh, Ender's Game, googled the film and remembered one of the quotes from a school librarian in the edition that I have ("its our most-lost book" she said ) ...

And then I read your replies to chev <waves at chev too> .... oh my god! Between the selfish decisions of your ex, and your needs for your credit score to stay perfect for your work (I remember Hypno having that need for her work too), what a bind you're in! I mean, okay, you're able to find a way through it by contributing more than him and him benefitting massively, financially, from your effort, but it must be *so* galling :mad::mad:

My guess is that you're far from the only person to find themselves in this situation... I wonder if by the time you *do* come to sell, case law will have changed the way things work? I had a year's legal studies as part of my trading qualification, studying contract law, and I seem to remember how much case law can "adjust" a law, sort of thing, to make it closer to the original intent. Mind you, this one is so basic to UK life, about mortgages, I kind of doubt it. Its just so unfair I *want* to see some light, but it sounds like there isn't

Tiny positives that mean a lot day to day: kittens, films, dogwalking, and stilton and sleep too - hope you got some.
xxx

kissjenn

Hi KC,

I agree. Must be many in the same situation. TBH if it wasn't mandatory for my job I'd still be doing my damnedest to ensure everything's paid up. I think my bad luck (or poor taste) comes from ex-husband bleeding me white followed by this one.

Both are now broke as they won't work and without me their income streams dried up. I'd rather be one of me than one of them to be honest.

So now I've had what feels like a week in bed...

Soup
Kittens
Dog walk
Movies
Dinner out
Finish the Washing
Finish strategy course (which was free and I've learned a lot)
Maybe a batch of hobnobs a la Twink

And I love the fact about Enders Game. A nicked book is a good book :rotfl:

rising_from_the_ashes

BTL situation stinks I sincerely hope when they are sold that you can claim for all the extra money you've had to top up the accounts with from his 50% share

kissjenn

Hi Rising,

Can't claim my time, my expenses or the money I put in. They're investment properties so rules are all different. Annoying beyond belief.

Think we should all move on...what's done is done

Karmacat

kissjenn wrote: »

Think we should all move on...what's done is done

Speaking of which ... what did you think of the film?