Husbands (soon to be ex) Debt

hannahsmith2499

Ive been with my parter 10 years, married for 4, split up 1 year ago.


Throughout our ten years my husband has had a serious gambling problem.


He had approx £40k in unsecured loans in his name prior to our relationship that I did not know about. Which he decided while we were together, to stop paying back. After years of debt collection letter they finally stopped bugging him, as he never confirmed where he lived etc.


However at the time they stopped bugging, he was able to apply for a credit card again, and unsecured loans, and with gambling soon built up another £50k in total. All unsecured loan or CC, in his name only, but at our address.


He has since moved out, and decided not to pay them back.


Debt collection letters come daily to my house in his name, I just tell them where he lives now.


However we are still married - divorce in process.


And we still have a mortgage together!!


I can not take him off the mortgage yet as I am a student and they wont give it to me on my own?


I pay the mortgage myself - interest only.


There is approx only £8k in equity in the property.


However one debt collection agency took my husband to court for a "land registry - charge against the mortgage??" - I basically got a letter to say : When and if I seel the house, they are entitled to his half of the equity.


I don't know what any of this means, and I am scared what he is getting me into.


I am a good honest person, I have one credit card in my name which I have a small balance on, and pay on time. I was recently declined a student bank account!


I just don't know what to do, I want him off the mortgage, but I don't want to move house, as it is my children's home too! Next doors house also took 3 years to sell so its not going to be an option. please help!

kangadoo

I can't help you I'm afraid, but I didn't want to read and run. You've been through a lot and I'm crossing my fingers for you that you can sort things out and get some security and stability back for your family one way or another.

People who can be more useful than me will hopefully be able to respond soon

DigForVictory

Well done coming here!
Now visit here & try to sort a date to go in & have a chat.
http://www.citizensadvice.org.uk/
As they'll know more about getting unlinked financially from a gambler than I do. That said the MSE community has an awful lot of knowledge that will doubtless post soon!

[Deleted User]

For most of the DCA letters, you can legitimately say 'not known at this address', and return them. For the one wanting a charge on the property I think this is one for a good solicitor.

happy_bunny_2

From a post I read earlier, but can't find, they are unlikely to be able to force a sale of the house as jointly owned. When sold, they can claim on his half of any profit, not yours.

It also sounds unlikely there will be deny if you want to sell quickly.

National debtline are the folks to talk to...

Upsidedown_Bear

Duplicate threads here:
https://forums.moneysavingexpert.com/discussion/4875422
https://forums.moneysavingexpert.com/discussion/4875472