We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Divorce/House etc
Comments
-
The mortgage when I was with her was with NRAM, we had additional borrowings on top (125%), but I transferred that into a personal loan in my name shortly before we split up as it was a better interest rate.
I currently owe £8,500, but it was more like £12000 at the time0 -
brucethefish wrote: »Thats right, we bought before the crash in 2007, it was in negative equity
If the house was in negative equity when she signed her share over to you, then you took on her share of the debt.
If she is looking for a share, then it will be a negative one, based on the negative equity value when the house was transferred to you.
In short, she will owe YOU money!Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0 -
Thats the thing though, Im counting the additional borrowings but at the time it wasnt part of the mortgage, so we probably were in equity. We must have been because Im sure my mortgage was 90%.
In reality there was other money owed but legally in my name.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards