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Joint Mortgage after separation
susan1407
Posts: 1 Newbie
Apologises if this has been asked before.
I have a joint mortgage with my husband which is now only a year in. He has now decided to end the marriage and has agreed to leave the house. We don't have any children. I would like to take on the mortgage myself and, as the main earner of the two, think this should be ok. However, I don't know whether I need to buy him out or not. We've put in a new kitchen which still needs to be paid for and have done very little else to the house. I doubt there would be any equity and it has been suggested to me that selling now would leave us with a debt anyway.
I wonder if anyone has been in a similar situation or dealt with anything like this before and is able to offer me some suggestions going forward? Any help would be appreciated
I have a joint mortgage with my husband which is now only a year in. He has now decided to end the marriage and has agreed to leave the house. We don't have any children. I would like to take on the mortgage myself and, as the main earner of the two, think this should be ok. However, I don't know whether I need to buy him out or not. We've put in a new kitchen which still needs to be paid for and have done very little else to the house. I doubt there would be any equity and it has been suggested to me that selling now would leave us with a debt anyway.
I wonder if anyone has been in a similar situation or dealt with anything like this before and is able to offer me some suggestions going forward? Any help would be appreciated
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