Need some advice on the ex-wife and my mortgage

Sprocket17

Back in 2009 pre recession I bought a house with my now ex-wife and used the Halifax for the mortgage provider. 2 years later she decided to walk out and leave me penny broke and in a house that was then in £10K negative equity due to the property crash, 6 months later we divorced but couldn't do a clean break agreement as i had only just gone self employed and didn't have any books to back up my earnings.



She went bankrupt after she left and ruined both our credit ratings and all went quiet, she is now back on the scene and demanding to come off the mortgage asap so here i am asking you guys what you have done in similair positions or scenarios. She left 7 and a half years ago and hasn't paid a penny into the mortgage since she left, the house is still probably in the 8-10K negative equity range it was when she left as i went onto an interest only mortgage at the time and haven't paid any large payments off whilst she is still on the mortgage. Today she has said that shes now in a position with her new partner to remortgage and wants a set of keys to the house that she still owns but ive lived in and paid for since she left, i've said she can have a set when she pays me back the 50% of the interest i've been paying since Jan 2011 to which she replied that her solicitor has said i was liable for 50% of the rent shes paid since she left :rotfl:



As you can see this isn't going to be the easiest or most amiable of breaks, i will add that my mother helped us get on the property ladder with the deposit for our first house and made up the difference we needed on the second house we now own.



I intend to see the CAB and a solicitor about this but would love to hear some of your experiences and advice on this matter please

Thrugelmir

Communicate with her only through your solicitor at arms length. Don't get embroiled in tit for tat conversation. Will do your stress levels no good.

You need to accept the fact that your "link" needs to be broken. In order for you both to move on with your lives. There'll be no winners in a situation like this.

If the property is in negative equity. Then there's few palatable options........

silvercar

i've said she can have a set when she pays me back the 50% of the interest i've been paying since Jan 2011 to which she replied that her solicitor has said i was liable for 50% of the rent shes paid since she left

There is an argument to say that she owes you 50% of the interest on the mortgage and you owe her 50% of the market rent for the property.

Not saying it is the most valid argument, but I have heard it raised.

There is also an argument to say she should pay you half the negative equity in the property - after all, if the property had increased in value she may well want half the increase.

Clearly removing the financial link would be good.

The question is whether the lender will agree to take her off the mortgage. Do you earn enough? Is your credit rating clean enough?

Has the Official Receiver declared they have no interest in the property? You need to check there is no charge on the property as a result of her bankruptcy.

Sprocket17

" The question is whether the lender will agree to take her off the mortgage. Do you earn enough? Is your credit rating clean enough?

Has the Official Receiver declared they have no interest in the property? You need to check there is no charge on the property as a result of her bankruptcy. "



Starting a new job that will pay enough to do a Tomp on the property hopefully


The receivers have no interest or charge on the house and the bankrputcy has been settled now, although the halifax have said they wont consider giving her the mortgage until 2020