Please help

Jordan535

Hi

I'm hoping someone can help me.

I split with my partner last year - we had a child and a mortgage together. When we broke it off I left the property and he stayed and continued to pay the mortgage alone.
I'm in rented accommodation with my little girl.

My ex has now come to to say he no longer wants to live there and he is planning on moving in with his new partner.

We can't sell the house as we had a 100% mortgage and the state of the house is disgusting - he must not of cleaned it once in the 12 months I haven't been there.

I really don't want to take the house on due to so many bad memories and I would need thousands to make it liveable again.

I have no debt no credit cards or loans so I'm scared to let it get reprocessed and be left with a massive amount of debt.

Can anyone offer me some advice it's really making me crazy.

Thanks

pmlindyloo

Jordan535 wrote: »

Hi

I'm hoping someone can help me.

I split with my partner last year - we had a child and a mortgage together. When we broke it off I left the property and he stayed and continued to pay the mortgage alone.
I'm in rented accommodation with my little girl.

My ex has now come to to say he no longer wants to live there and he is planning on moving in with his new partner.

We can't sell the house as we had a 100% mortgage and the state of the house is disgusting - he must not of cleaned it once in the 12 months I haven't been there.

I really don't want to take the house on due to so many bad memories and I would need thousands to make it liveable again.

I have no debt no credit cards or loans so I'm scared to let it get reprocessed and be left with a massive amount of debt.

Can anyone offer me some advice it's really making me crazy.

Thanks

is there any equity in the house? Remember if you have a 100% mortgage it doesn't mean that you will be left in debt if the value of the house is more than the mortgage.

As for the state of the house then he will have to get in cleaners and get it sorted before it is sold. The alternative is to rent it out.

browneyedbazzi

The best you can probably do is to muck in together to get the house cleaned up and get it on the market. Depending on where the house is it may have increased in value so you may be able to sell it for enough to pay off the mortgage.

Were you married? or did you have a deed of trust drawn up when you bought the house that sets out how a sale will be dealt with if you split up?

bluenoseam

In what regards would it take thousands? Surely it'd be more paletable to go in and do a deep clean to get shot of it than to avoid it because of bad memories! In this situation I'd be speaking with someone legally trained because it sounds like you really could have been doing with coming off the mortgage when you split - failing to do so might leave you liable.

Look at it subjectively - assess the costs of a deep clean, if you cannot do it yourself see what it would cost for an outside company to do so. If it's physical damage to the property I'm sure your legal advisor could point you in the direction of what, if anything, you can do.

I know you might not want to hear that, but sometimes life's about sucking up the bad stuff & working through it to a better tomorrow!

mattyprice4004

Unfortunately it's both of your problem, and if he doesn't want it any more you either have to buy his share, or sell it together.

SavingPennies_2

You are imagining the worst case scenario that the house will be repossessed and you will be left in debt. You need to calmly work through your options, ideally with him if you can be civil enough, which I assume you can be since you have a daughter together.


So, its a 100% mortgage, but, in the years you have owned it you have been paying the mortgage, therefore you no longer owe 100%, so you should have some equity. Also the value of the property may have gone up, so that might give you equity too. Either way you can sell the property and pay off the mortgage, possibly even have a bit left over to split between you.


The mess/dirt. Not a big deal, you just need to set aside a weekend and blitz it - if you cant work together, he could say do downstairs you do upstairs or do it on different days. If you are civil with his new partner, get her on board, it's in her interests too to get the house sold. Just get out the elbow grease and get on with in, see if you can get friends of family members to help. Get rid of any junk while your at it, this will make the place look more saleable. Alternatively get a cleaning company to come in and do it, they can get it done in a few hours for I'd guess a few hundred pound.


Stay calm, get stuck in, get it sold. Then you are both free to start over afresh.

Upsidedown_Bear

Duplicate thread here: https://forums.moneysavingexpert.com/discussion/comment/66495426#Comment_66495426

BigAunty

Look at the Shelter website which is a housing advice charity. They have excellent information for home owners at risk of arrears and repossession. They also have a relationship breakdown section that details your rights, options and obligations for a jointly bought property. They have a helpline.

One of the worst things to do is to let it get repossessed by the lender (by walking away from it with no communication or sending them the keys). This is because it will get sold at auction, for far less than it is now worth, and you get hit with repossession/sale/maintenance fees.

The lender will chase either or both of you for the loss (difference between mortgage and the pittance it gets at auction after fees).

So you should look into getting it fit for the market (bad memories or not, must be better to go over it with some cleaning liquid than be hit with thousands of pounds worth of debt).

Put up for sale, with the agreement of the joint owner as it requires his permission, and accept that even if it results in negative equity, it will be far better than the repossession/auction route which will result if you both just shrug your shoulders and walk away.

Start discussing a strategy with your ex now. Take control of the situation. Communicate with the lender.