Mortgage Repayments

Cobbler78

Hi,

I wonder if anyone could help. My Ex-Girlfriend and I have a joint mortgage which we were paying off on a repayment basis £500 Interest £300 Capital per month. My Ex has now moved out of the house and is refusing to make any payments towards the mortgage. I have checked with the mortgage company and we are both jointly liable for the mortgage repayments. I have reduced the payments down to interest only so I am only paying £500 per month, but of this I think my Ex should be paying £250 per month until the house is sold (it is currently on the market) She has said that she has been advised that she doesn't have to pay her anything towards the house as she has moved out and I am in effect paying her half as rent?? This seems odd to me.

Where do I stand with this, am I able to reclaim all of these unpaid monthly amounts when the house is sold, the mortgage comes out of my own personal account (that we were using as a joint bills account) so will this we where the proceeds from the sale go? So I could quite easily just give her a cheque for 50% of the proceeds minus all of the payments she has missed?

Thrugelmir

Play hardball. Say if she won't pay her share then you won't either. This will then impact on both your credit records. Which is on no benefit to anyone.

Tell her that whether she is actually living in the property or not. That she is jointly and severally liable for the mortgage debt.

Is there much equity in the property?

Cobbler78

The trouble is she already has bad credit and I don't and she knows that I wont do anything to affect my Credit Rating....tricky.

The house is for sale for £200k mortgage is about £148k

Rikki

You are jointly and severally liable for the mortgage debt and the mortgage company don't care where the money comes from as long as the payment is made. I wouldn't ruin your credit score for the sake of point scoring with your ex.


Unfortunately there is nothing you can do to force your ex to pay but you could argue she receives less from the sale of the property.

Thrugelmir

Perhaps best to continue paying the mortgage. Reduce the price to attract a quick sale.

Cobbler78

Does seem very very unfair though don't you think??

Thrugelmir

Cobbler78 wrote: »

Does seem very very unfair though don't you think??

That's life.

Cobbler78

Hi, any other adivce on this??