Mortgage reposession adice

hellybelly001

I'm new to the forum and hoping someone can help me with a few things.

I took out a joint mortgage with my previous partner. We have been separated for a couple of years (he was abusive) and he is still living at the mortgaged property alone.

I have recently been contacted by the mortgage company to tell me that he hasn't been paying the monthly installments. I don't have access to the property, but the mortgage company have now come to me to pay the bill.

In the long term I don't want to be responsible for the property as I don't live there, don't have access to it and don't have contact with my previous partner. The only communication we have is via a solicitor . The property is currently on the market and I know it's likely to be in negative equity.

My reason for posting is, I would like to know if anyone can give me any advice about letting the mortgage company repossess the property.

Am I likely to be troubled by a debt collection agency personally and will this have a negative impact on my credit rating?

Any help or advice would be appreciated because I don't know where to turn and I have only a couple of weeks left until the mortgage company reposess.

Thanks in advance.

kingstreet

You are jointly and severally responsible for the mortgage if you are a party to it. Any adverse credit information from mortgage arrears and repossession is going to affect you as badly as the other joint borrower.

The lender has the right to pursue you for any shortfall when the property eventually sells.

mrginge

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jackomdj

mrginge wrote: »

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I have done the same for all the posts.