No buildings insurance

ACG

Why dont you pay your half of the mortgage directly to the lender - that will stop her receiving the actual cash then and she will have to learn to live on the money she is actually receiving rather than your half of the mortgage.

You can also tell the lender that there is no buildings insurance - problem is that they may decide to recall the mortgage and force the sale which could then leave you in negative equity owing all of any shortfall.

Personally (going off your other posts) i would think there is nothing in my name and give it a go - atleast then you can draw a line under it and cut your last tie together, but its worth thinking about any potential consequences before you make a rash decision.

But i agree putting her under as much pressure as possible may help to force her hand.

Edit - on a side note, is she claiming any benefits? Should these be less now she is living with her partner?

Senior_Paper_Monitor

Make insurance company aware of non resident owner status because they then can't challenge a claim on the basis of you leaving a pair of halfwits in your house and not supervising it.

monty-doggy

It's the crappiest situation.

I'd love it to be sold but there is no equity so I'd end up in debt. But surely in 10/20 years time i will still be in debt as its going to be sold at some point.

I will look at paying direct. Although I don't see why i Should pay when she is charging new fella £450 a month to live there!

monty-doggy

Is it possible to get bad credit mortgages? I'm thinking if she and her new man get one together. He doesn't have bad credit she does.

But then they'd need equity or a deposit, and it wouldn't be interest only so she will say she can't afford it!

melj16

blummin heck, she's not stupid is she!! Does she work as well, so your paying for the mortgage, new partner contributing to it and she still cant meet the repayments?? something not right there

ACG

There are bad credit mortgages but not if she has been missing mortgage payments recently and she would also need a heft deposit - 25-30% plus.

monty-doggy

melj16 wrote: »

blummin heck, she's not stupid is she!! Does she work as well, so your paying for the mortgage, new partner contributing to it and she still cant meet the repayments?? something not right there

She works part time, claims benefits like tax credits etc, I know she over claims but that's another story, gets money from me and charges him rent.

She spends money like its going out of fashion. Always on nights out, before she was expecting she had a real drink problem. I have kids every weekend so she's always on the razz.

She's also paying off a debt management plan as she took payday loans, bright house tv and furniture, store cards and god knows what else.

monty-doggy

I just feel like I'm in a lose lose situation.

If I keep her there I risk damage to credit file and more debt.

If I force sale it will cost me all my savings and leave me with a negative equity debt.

But there is nothing in place to pay mortgage off so eventually I'm going to end up owing on it anyway.

I feel like she is crippling my future.

melj16

its a very difficult position for you to be in. I really dont know what to suggest on how you would be best to go forward, I would consider speaking with Citizens Advice or a solicitor.