Assisted Voluntary Sale Question

Cassandra1194

Hi all,

I wonder if any of you might be able to help with this. My ex and I have gotten into severe financial difficulty and our joint mortgage has been taking a huge hit. The arrears are now huge and the lender has just offered AVS as an option. Now, I'm keen but according to the lender there's not been interest shown by my ex. In all honesty I can probably see his reasoning for worrying about pitfalls, but without going into all of it I still think we would be better off going down this route.

The lender says they need both signatures to go ahead. Is this really the case? I genuinely feel I'm in the right here and would be really upset if this op:Dportunity is taken away from me. Is it really the case that they need both signatures? And is there maybe another way around this?

My ex and I have no direct contact at all, making everything harder!

Lender says next step is continuing with repossession proceedings

Thanks for any advice!

AnotherJoe

Cassandra1194 wrote: »

The lender says they need both signatures to go ahead. Is this really the case? I genuinely feel I'm in the right here and would be really upset if this op:Dportunity is taken away from me. Is it really the case that they need both signatures?!

Of course. It's a joint morgqge you can't just have one person doing something the another may disagree with. What if they both signed to do conflicting things ? Or one commited both to huge costs without their agreement?

You'll have to persuade ex it's in their best interest. If it's repossessed then a shed load of extra costs will be coming your way.