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sticky situation
anyhelporadviceplease
Posts: 1 Newbie
we're open to any help or ideas, i do realise that this maybe a specialist field but we're already getting legal advice and i was wondering if anyone has any similar experience or advice to help us............
i split with my ex ( not married ) in may 2009, we had a verbal agreement that i walk away and as soon as she had the paperwork id sign the house over to her soley, i was happy to do this as i just wanted a clean break, i trusted that as per our agreement she would pay the mortgage, she has now run up debts on the mortgage in excess of 10k and kept me in the dark totally about it, every time i text to see if /when my name was being removed she'd reply " in a few months", i only found out after checking my credit history in february, she is now paying the mortgage more regularily but is still acrruing monthly charges and currently it will take 15 years to repay the debt owing, its preventing me,my wife and children from owning our own home, renting without paying 6 months up front and damaging my credit score constantly. We have offered via solicitors to pay the outstanding amount even though she created it and the house being in roughly 15k negative equity but she says she wants compensation for her deposit, half the mortgage payments for the last three years and money towards home improvements. We can force the sale of the house via a "tolata" claim through the courts but the cost will be around £8000-£9000 which if we succeed we may be able to reclaim from her 60%-70% of the cost ( not holding my breath). If we ignore this issue and continue to strengthen our financial position in life she could just stop paying the mortgage and after having the house repossesed destroy everything we are striving to do, ive even looked at bankrupcy to force the sale of the house as its owned jointly as tenants in common, our solicitor had advised us that it may be more beneficial to hand the keys in rather than go to court to obtain an order of sale but i dont know if i can hand the keys in on a jointly owned property if the other party doesnt agree, any ideas or advice please??
i split with my ex ( not married ) in may 2009, we had a verbal agreement that i walk away and as soon as she had the paperwork id sign the house over to her soley, i was happy to do this as i just wanted a clean break, i trusted that as per our agreement she would pay the mortgage, she has now run up debts on the mortgage in excess of 10k and kept me in the dark totally about it, every time i text to see if /when my name was being removed she'd reply " in a few months", i only found out after checking my credit history in february, she is now paying the mortgage more regularily but is still acrruing monthly charges and currently it will take 15 years to repay the debt owing, its preventing me,my wife and children from owning our own home, renting without paying 6 months up front and damaging my credit score constantly. We have offered via solicitors to pay the outstanding amount even though she created it and the house being in roughly 15k negative equity but she says she wants compensation for her deposit, half the mortgage payments for the last three years and money towards home improvements. We can force the sale of the house via a "tolata" claim through the courts but the cost will be around £8000-£9000 which if we succeed we may be able to reclaim from her 60%-70% of the cost ( not holding my breath). If we ignore this issue and continue to strengthen our financial position in life she could just stop paying the mortgage and after having the house repossesed destroy everything we are striving to do, ive even looked at bankrupcy to force the sale of the house as its owned jointly as tenants in common, our solicitor had advised us that it may be more beneficial to hand the keys in rather than go to court to obtain an order of sale but i dont know if i can hand the keys in on a jointly owned property if the other party doesnt agree, any ideas or advice please??
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Hi,
I can't offer you any suggestions but I think you will get more responses if you post this on the Mortgages and Endowments board where topics like this crop up quite often.
Best of luck, hope you get things sorted.#5 - Save £12k in 20260 -
Agree with Linz, would head over to the Mortgages board. Best of luck
chevI want a job that is less than an hour driving away from my house! Are you listening universe?
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