financial disassociation

layleyhakin

Hi I'm just after a bit of information...

I'm still financially connected to my ex partner through the joint mortgage we had. I moved out 5 years ago and just found out he is behind with payments and the property could be re-possessed!


I have been living with my current partner for 2 years so we are linked at our current address. I want to protect him from any credit issues he may have by having him complete a financial disassociation but id like to know if this would stop us from getting joint credit later in life if we needed to?


Please help

19lottie82

Are you still on the mortgage?

Just because you moved out, doesn't mean you are not responsible for it anymore.

monty-doggy

If you are still on the mortgage, then your credit file will be a mess. Mortgage defaults are the worst.
In answer to your question it will take many years to drop off your file, at least six years so it will affect your ability to borrow in the future.

layleyhakin

I am still on the mortgage so I know this will effect my file and borrowing. What I'd like to know is if my current partner financially disassociates from me will that stop us from EVER being able to borrow together?