asked to be guarantor by Ex even though she has cash in bank

Guest101

MPwannasavemoney wrote: »

after 6 months of trying she has failed -is it the agents who are the bar stewards here? Hmm my ex has upset a lot of agents when selling the house, maybe that is the problem. So kids suffer because of this!?

Besides I could get a legal agreement to deduct the rent from the maintenance if I need to... as long as I am not liable for more than the maintenance then what is the issue?

6 Months of 'trying', are you really not seeing how crazy that actually is.


What's the first three digits of the post code, I bet a 3 bed house can be found in 40 minutes.


How does someone annoy 'ALOT' of agents when selling 'ONE' property?

carefullycautious

Does she have contacts in the area who may know of a landlord who may help


Sometimes word of mouth plays a big part in finding a home. Not sure of her/your location but check out any farmers that may have property/land owners etc.


What about placing adverts in local papers, corner shops or magazines.


Also does she work?

MataNui

I dont think you could rent for her. Its technically not subletting but thats probably not how the agents would see it. After all they have no contract or comeback on the people who are actually living in the property.

If they dont like single parents then its unlikely you offering to be guarantor would swing it with the agents. If they do agree though i would do this but i would make sure i had a signed legal document stating i could recover any costs incurred from her drawn up by a solicitor.

Much as you do seem to have had a rough divorce and it looks like you have been well and truly taken to the cleaners they are your kids and do need a home. I might be a mug compared to some of the responses you have got so far but i would be looking at this in a mind of what can i realistically do to help my kids.

tiger_eyes

MPwannasavemoney wrote: »

Besides I could get a legal agreement to deduct the rent from the maintenance if I need to... as long as I am not liable for more than the maintenance then what is the issue?

Generally, agreeing to be a guarantor makes you liable for all costs that might arise from the tenancy agreement, but as you're not the tenant, you're unable to stop these costs being run up. Let's say the landlord puts the rent up. Your ex can't afford it, so as her guarantor, you're now liable for the higher rent. You can't afford it either, so you ask the ex to leave - but she won't. You're now on the hook for the increased rent until she's dragged out kicking and screaming six months down the line. Or let's say she trashes the place. She can't afford to pay the repair costs. As her guarantor, you're now liable. There are half a dozen scenarios of potentially unlimited costs being run up by a third party that you'll have to cover with no ability to pull the plug.

MPwannasavemoney

Guest101 wrote: »

What's the first three digits of the post code, I bet a 3 bed house can be found in 40 minutes.


How does someone annoy 'ALOT' of agents when selling 'ONE' property?

oh there are places to rent - the agents don't want to show the places. WD3. when ex has used 2 agents to sell property and p**** them both off and p***** off one of the conveyancors reputation gets around.

MPwannasavemoney

tiger_eyes wrote: »

Generally, agreeing to be a guarantor makes you liable for all costs that might arise from the tenancy agreement, but as you're not the tenant, you're unable to stop these costs being run up. Let's say the landlord puts the rent up. Your ex can't afford it, so as her guarantor, you're now liable for the higher rent. You can't afford it either, so you ask the ex to leave - but she won't. You're now on the hook for the increased rent until she's dragged out kicking and screaming six months down the line. Or let's say she trashes the place. She can't afford to pay the repair costs. As her guarantor, you're now liable. There are half a dozen scenarios of potentially unlimited costs being run up by a third party that you'll have to cover with no ability to pull the plug.

Ok good point - but I can draw up a legal agreement between me and her to cover these points?

MPwannasavemoney

carefullycautious wrote: »

Does she have contacts in the area who may know of a landlord who may help


Sometimes word of mouth plays a big part in finding a home. Not sure of her/your location but check out any farmers that may have property/land owners etc.


What about placing adverts in local papers, corner shops or magazines.


Also does she work?

She was pursuing a place through contacts but lost one already. I have mentioned putting ads but can't force her to do it can I? No she doesn't work. Don't ask why I don't have the energy here to go through all the reasons she gives as to why she cannot work.

MPwannasavemoney

MataNui wrote: »

I dont think you could rent for her. Its technically not subletting but thats probably not how the agents would see it. After all they have no contract or comeback on the people who are actually living in the property.

If they dont like single parents then its unlikely you offering to be guarantor would swing it with the agents. If they do agree though i would do this but i would make sure i had a signed legal document stating i could recover any costs incurred from her drawn up by a solicitor.

Much as you do seem to have had a rough divorce and it looks like you have been well and truly taken to the cleaners they are your kids and do need a home. I might be a mug compared to some of the responses you have got so far but i would be looking at this in a mind of what can i realistically do to help my kids.

Thanks for actually considering the position that I am in!

As for being taken to the cleaners, there comes a point during a protracted divorce that you just have to accept what the judge has ruled.

Guest101

MPwannasavemoney wrote: »

Thanks for actually considering the position that I am in!

As for being taken to the cleaners, there comes a point during a protracted divorce that you just have to accept what the judge has ruled.

And you have to understand that it's almost unheard of for a marital home to be sold prior to youngest child 18th birthday


And similarly for spousal maintenance.


Yet alone both!

MPwannasavemoney

Guest101 wrote: »

And you have to understand that it's almost unheard of for a marital home to be sold prior to youngest child 18th birthday


And similarly for spousal maintenance.


Yet alone both!

understanding that means what in this context?

It is also highly unusual for a financial settlement to take 3 court hearings, normally it is footballer wives who go that far. I am not that well off and never was.