Seperation and mortgage advice

Sweetpea942

I moved out of the marital home in January 2015.

I have been waiting to be brought out of the property. I finally persuaded him to attend mediation in which he has agreed to buy me out of the property. I have been paying half the mortgage for 15 months only to find out that there are arrears on the mortgage and I had not been contacted by the mortgage company. The first I have heard about it was from a company train to facilitate the arrears.

This is obviously damaging my credit rating too.

Any advice would be appreciated :mad:

MortgageMamma

Why have the mortgage company not notified you? did you make them aware you had moved out of the mortgaged address and give them your new address. It will affect your credit rating, have you spoken with the lender yet and quantified the damage?

Hudsonbay200072

Good morning

I am having issues with the above login so have had to re register.

I notified them when I left the property and gave them a new telephone number and asked to be called if there were issues with the account. For safety reasons I kept my address confidential. They assured me it was not an issue.

I have quantified the damage and they will help rectify it but I am liable and there is nothing to stop this happening again .

He refuses to sale but clearly cannot afford to stay there.

Trying_to_be_good

Can you buy him out? Do you want to?
Forcing a sale through the court is drawn out, so selling up or tog buying might be much quicker.

Why is your safety at risk if the mortgage lender have your address? Do they have an email address for you or just your phone number? Did you have Royal Mail redirect your post?

The lender should have notified you, it'll be interesting to see how they've tried.

MortgageMamma

I agree TTBG it would be interesting to see how they try.

Reading between the lines it seems there may be a domestic violence issue or the OP feels threatened by her ex and in those circumstances it is understandable why she would not want her address held by the lender but I'm pretty sure she has an answerphone and could return calls and they should have phoned her.

OP - I would advise you to pay the mortgage whilst you resolve what will happen to the property via a legal route. If you do not pay, the property will be repossessed and that will damage your credit rating, prevent you from securing a further mortgage in the future and if there is a shortfall in the sale proceeds vs mortgage amount then you will be pursued for payment of the shortfall.

I can't really help you decide what the best course of action is but repossession isn't an attractive option for you. However I know from experience that if you can prove you have made the mortgage payments during the separation your legal advisor can factor it into settlement.

If you have children the game is different, usually if the children are resident with you, you can force a sale.

I'm sorry you are going through such a tough time and I hope things improve for you soon

Take care of yourself

MM x