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Ex partner handing keys back to bank
Vetch10
Posts: 1 Newbie
Dear all
Please accept my apologies if I am posting this in an incorrect area.
This is my background.
I split from my partner 4 years ago and still have a mortgage and a loan attached to the property in joint names. My partner has recently contacted me to inform me that she has decided that she is giving the keys to the mortgaged property back to the bank and as soon as the house has been solved is going bankrupt.
This leaves me in a sticky situation as I currently rent a property with a new partner and am not in a financial position to pay off any and all debts that may be applied to me.
I honestly do not know which way to turn, I have spoken to solicitor briefly and he advised me to sell the property or to try and get a buy to let mortgage but my main concern is that I can’t afford anything as finances are very tight. There is the possibility of going bankrupt myself but as I say I am living in rented accommodation and don’t want to run the risk of the landlord deciding to sell the house as if I did go bankrupt it would leave us homeless
Any advice anyone can give would be hugely appreciated
Please accept my apologies if I am posting this in an incorrect area.
This is my background.
I split from my partner 4 years ago and still have a mortgage and a loan attached to the property in joint names. My partner has recently contacted me to inform me that she has decided that she is giving the keys to the mortgaged property back to the bank and as soon as the house has been solved is going bankrupt.
This leaves me in a sticky situation as I currently rent a property with a new partner and am not in a financial position to pay off any and all debts that may be applied to me.
I honestly do not know which way to turn, I have spoken to solicitor briefly and he advised me to sell the property or to try and get a buy to let mortgage but my main concern is that I can’t afford anything as finances are very tight. There is the possibility of going bankrupt myself but as I say I am living in rented accommodation and don’t want to run the risk of the landlord deciding to sell the house as if I did go bankrupt it would leave us homeless
Any advice anyone can give would be hugely appreciated
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Comments
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Why would the LL sell because you'd gone bankrupt?0
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