Very poor credit mortgage?

monty-doggy

Hello, posting on my girlfriends profile, looking for advice.

My ex wife and I bought a house seven years ago, thirty grand deposit. We split up six months later she left and I stayed in the house and made full mortgage payments. A year later when I met my gf my ex went ballistic that I had my gf over to stay and moved back into the house with my three children.

My gf and I found a rented house.

My ex wife defaulted many times and in the last 14 or so months has defaulted 9 times, despite me paying her maintenance every month, and she has switched to interest only.

The house at one point was in negative equity, I think it's now probably about level.

I have enquired with solicitors how I can essentially 'get off the mortgage'.

I'm told that unless she can get a new mortgage on her own, I've no chance. The mortgage lender said I can have my name taken off, but I'll still be financially responsible but have no claim to the property, which I don't want to do.

My ex wife works part time, has a live in partner who also works although isn't on a great wage and she won't have him on the mortgage, she also receives benefits plus my maintenance.

Her constant defaults are crippling my credit rating and i'll never be able to buy again. My gf has had to get a mortgage on her own for our new house.

Is there any other way she can either get a mortgage or I can be free?

ACG

No chance, especially not on 100% LTV.

You could take her to court and force the sale of the house possibly? But she wont get a mortgage to allow you to come off it.

monty-doggy

I thought not. Talking her to court prob won't work, they won't make my kids homeless. And I don't really want them to be either, as much as I don't want to be on the mortgage or her have the house.

I'm told she can stay there until they are 18, but she's preggers again to her new bf and I worry she can stay there until THAT baby is 18. And what If she has another and another? I'm screwed.

ACG

I think your right, one thing you could potentially argue is that your name is being dragged through mud and your life ruined by how selfish this woman is. Maybe offer to take your kids in and for them to sort their own kids out?

I think really now you have established she has no hope of getting a mortgage your best bet is to seek legal advice to see what is/isnt possible.

Thrugelmir

When you divorced was a financial consent order not drawn up by your solicitor?

monty-doggy

We are not yet divorced, I tried to do it four years ago but she got legal aid and rejected or ignored everything put to her. It cost me so much money I couldn't afford the legal bills.

I'm told there is no longer legal aid for divorce matters which is why I'm looking at trying again, but I'm worried about the financials.

As far as I'm concerned she can have the house but I want my name off it.
I'm due some inheritance and as we have been separated six years, and both our financial circumstances have improved, don't want her to get her hands on it. She's demanding half of it.

I can't see why after so long she would be entitled to it although knowing my luck she probably is.

Thrugelmir

I would recommend that you take legal advice. As to your options. As my gut instinct is that there's no easy route. With children involved, then they would be the Court's primary concern. So as far as the mortgage is concerned you may be forced to live with the situation until they become adults in the eyes of the law.

monty-doggy

That's what I thought.

Seems unfair though she can have a new baby, and has said she wants another after that, and I am tied to that house while her and her partner keep having children!

Thrugelmir

monty-doggy wrote: »

That's what I thought.

Seems unfair though she can have a new baby, and has said she wants another after that, and I am tied to that house while her and her partner keep having children!

Your responsibility only extends to your children though.

At some point your ex will want to move on with her own life. So having you on the mortgage is not ideal for her either.

monty-doggy

I hope so. She can have the house for all I care, just Wish she could get the mortgage on her own but no chance.

Hindsight is a wonderful thing!