Advice on a mortgage

LEO1979

MarkyMarkD wrote: »

She's a right numpty, isn't she.

All she's going to do is waste a lot of BOTH of your money. She'll get kicked out in the end - probably when the property gets repossessed because you get fed up of paying the mortgage on the house she's living in.

But then you'll both have a screwed up credit history.

Not good.

Yeah, wouldn't jeopardise my credit history, so will continue to pay. I just can't see why she has been advised that a court would side with her? and what would that mean, that I'd be stuck on the mortgage till it is paid off completely?

homer_j_3

i dont think she has been advised because no solicitor could tell her that - she will be saying it to bluff you and as you cant prove different, she has you where she wants you.

You are in a catch 22. You have a few options:

1- consult a solicitor too but understand that you are going to have to spend money but a small loan for legal costs will be cheaper than half a mortgage and the hassle.

or

2 - move back in with a view that she will want to sell because of the inconvenience

LEO1979

Well I'm going to speak to a solicitor myself next week, I can't believe a solicitor would advise her that too

Alfie1999

Move Back In!!!!!

longwalks1

Id move back in, after all its half yours. If she doesnt want to share with you (or vise versa) she'll pack up and move out in time, even if it means going back to where she used to live. If she's being like she is, that may not be a bad thing

Melissa177

You're obliged to keep paying half the mortgage, as the house is in both names. You also own half the house. When you say that there are debts on the house, I'm presuming you mean the mortgage? Any equity increase is both of yours to share, just as the mortgage is a liability that you both share. I'm appalled that some people think you should stop paying the mortgage - you need to sort this out as amicably as possible. If this does end up in court, a judge will not look on you favourably if you've stopped paying.


She needs to either buy you out of your share, or put the flat on the market. If she won't do either, then you need professional advice.

Melissa177

Incidentally, buying a house in Nov and breaking up in March seems a bit quick! It doesn't sound like you thought this through terribly well.

MarkyMarkD

Melissa177 wrote: »

You're obliged to keep paying half the mortgage, as the house is in both names. You also own half the house. When you say that there are debts on the house, I'm presuming you mean the mortgage? Any equity increase is both of yours to share, just as the mortgage is a liability that you both share. I'm appalled that some people think you should stop paying the mortgage - you need to sort this out as amicably as possible. If this does end up in court, a judge will not look on you favourably if you've stopped paying.


She needs to either buy you out of your share, or put the flat on the market. If she won't do either, then you need professional advice.

I can't find one single post where anyone has suggested that the OP stops paying the mortgage.

The OP is NOT responsible for paying "half" the mortgage. The OP is jointly and severally liable, with his ex-partner, for paying the WHOLE mortgage.

All that's been mentioned vaguely similar to what you are suggesting is that IF the OP stops paying, the house will get repossessed and the ex-partner will get kicked out. But that wasn't a suggestion that it was a good idea - to the contrary, it was a comment that it would be a hopeless outcome because it would screw up the OP's credit history.

poppy10_2

I agree with moving back in - the house is yours too. She'll eventually get fed up and agree to move out/sell up.

firesidemaid

are there 2 bedrooms in it?

can't you take the whole mortgage on and rent a room out (use your parents as guarantors(?) if possible)?

or otherwise if there really is no equity, sign it over to her asap so you can stop paying half and just put the few months payments down to experience?

good luck x