We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Joint Mortgage & home owner loan
AircraftHandler
Posts: 146 Forumite
Hi all,
I currently own a house in Wales with my ex who I have no dealings with for 2 years but we are still joint owners of the house with a NRam Mortgage & also we took out a home owner loan on the property with roughly £34000 left.
She has threatened to force the sale through the courts but I took legal advice on that matter & replied to her threat asking for half the home owner loan to which she has not replied.
I have the capital in the bank to pay for my half of the outstanding balance of everything & just had a quick quote off Zoopla which says my property is now worth £117000 & we owe £114000.
My question is if I pay my half of the outstanding balance of the home owner loan & she cannot am I still liable for this?
I'm guessing a CCJ would be issued in both our names?
Many thanks
I currently own a house in Wales with my ex who I have no dealings with for 2 years but we are still joint owners of the house with a NRam Mortgage & also we took out a home owner loan on the property with roughly £34000 left.
She has threatened to force the sale through the courts but I took legal advice on that matter & replied to her threat asking for half the home owner loan to which she has not replied.
I have the capital in the bank to pay for my half of the outstanding balance of everything & just had a quick quote off Zoopla which says my property is now worth £117000 & we owe £114000.
My question is if I pay my half of the outstanding balance of the home owner loan & she cannot am I still liable for this?
I'm guessing a CCJ would be issued in both our names?
Many thanks
0
Comments
-
You have equal liability for the whole amount0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards