Ex has stopped paying his half of mortgage

gerfus

It has been empty since then. He is being difficult by not agreeing to rent. It has only become a real problem since he stopped paying the mortgage costs.

peachyprice

You're both joint and severably liable for the mortgage, there's nothing you can do to MAKE him pay. If he stops paying you are liable for 100% of the mortgage and vice versa.

You both need to grow up and sort this out before it trashes both your credit files. Either move back in and make it your home or sell and split the NE 50/50 and take out personal loans each to cover it. The money you've spent paying a mortgage on an empty house could have gone towards the negative equity, madness.

LandyAndy

gerfus wrote: »

It has been empty since then. He is being difficult by not agreeing to rent. It has only become a real problem since he stopped paying the mortgage costs.

What happens if you stop paying as well?

You won't be homeless. He might have his mind focussed by the threat of repossession and the effect on credit rating. A risky strategy but no crazier than letting a property sit empty for years.

FatVonD

How much is the negative equity, how easy would it be to rent and would the rent pay for the whole of the mortgage? If he's happy to just sign the negative equity over to you and isn't asking for his initial investment back it might be a good long-term investment to take it on and rent it out on your own.

Lara44

That is complete madness. Get it rented Gerfus - at least while you sort something out!! I am not sure where you would stand legally, but personally the fact that he is no longer contributing to the mortgage, and you are jointly and severally liable would override any concerns about his wishes.

doodoot

Why not try the following...it worked for a friend of a friend.

Send him a letter stating that he can choose from 1 of the following choices:

1. You are contacting the mjortgage lender to tell them from now on your payments will be at 50% and you will give them his personal details to chase him for the remaining 50% each month.
2. You are stopping payments and will request that the house gets repossessed because he has stopped paying his 50%.

Also include a copies of letters that outline each scenario that you will send to the mortgage lender advising them of your intent.

So one will say choice 1, and the other choice 2.

Tell him he has 1 calendar month to decide, and if you hear nothing from him then choice no.2 letter will be sent.

Point out that both of your credit ratings will suffer, but you don't care because you will be fine due to being savvy with your spending/saving and you don't ever intend to buy a house again.

Sit back and wait for him to start making payments again.;)

rpc

doodoot wrote: »

1. You are contacting the mjortgage lender to tell them from now on your payments will be at 50% and you will give them his personal details to chase him for the remaining 50% each month.

At which point the mortage lender might decide that it is easier to chase OP and will pursue them for 100% of the mortgage. Liability is joint and several - there is no 'his half - her half'

1. You are stopping payments and will request that the house gets repossessed because he has stopped paying his 50%.

Which could be very expensive as the OP could get lumped with costs of repossession plus all the negative equity (which will probably be higher in a repo than a regular sale). Again, there is no requirement for the lender to recover this 50/50.

Speak to the lender to let them know what he is doing (always better to let them know in advance). Look at moving back into the house.

You may have to offer him a very sweet deal as, unless you convince him to sell, there is no way out that doesn't cost mucho money.

princeofpounds

OP, my earlier post about court was not a joke, an order for sale (or at least legal mediation prior to that) really is the next stop.

Anything before that is just negotiation, and you can't play brinkmanship with the mortgage lender as that will ruin both your credit files and also lead to the both of you being sued for repossession at the same time, with any further recovery to be made from whoever it easiest to enforce from.

Pop up to the house buying/renting selling board for more specific guidance. Speak to a solicitor.

doodoot

rpc wrote: »

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At which point the mortage lender might decide that it is easier to chase OP and will pursue them for 100% of the mortgage. Liability is joint and several - there is no 'his half - her half'




Which could be very expensive as the OP could get lumped with costs of repossession plus all the negative equity (which will probably be higher in a repo than a regular sale). Again, there is no requirement for the lender to recover this 50/50.

Speak to the lender to let them know what he is doing (always better to let them know in advance). Look at moving back into the house.

You may have to offer him a very sweet deal as, unless you convince him to sell, there is no way out that doesn't cost mucho money.

If you read my post slowly and hover at the last sentence, you will see that the whole exercise is to kick/scare the ex into paying again.

I wasn't telling the OP to get the house repossessed or get the lender to chase the ex for his half.

rpc

doodoot wrote: »

If you read my post slowly and hover at the last sentence, you will see that the whole exercise is to kick/scare the ex into paying again.

I wasn't telling the OP to get the house repossessed or get the lender to chase the ex for his half.

Which is great until ex calls OP's bluff. Then either OP goes ahead and gets their credit record trashed or OP doesn't and loses all credibility.