Need some urgent advice

caprikid1

personally, I would move back in if I had put that much money in, no way I would have moved out.

AnotherJoe

Clean split. Sell. Take the hit. Move on rather than having a boat anchor of a mortgage in a house you dont own attached to you.
It will never be easier to sell it than now
Oh yes, I nearly forgot, yup, it certainly would be an insanely stupid thing to do.

BoGoF

On what basis is she going to call the police? You are joint owner and within your rights to be there.....as much rights as she has.

AnotherJoe

You are out of pocket anyway. How does having responsibility for a mortgage on a house you dont own help that?
And whatever agreement you sign with her doesn't cancel your responsibility to the mortgage company.

LilElvis

paulr23 wrote: »

Trust me, I want to do that. However I'm told she will "call the police" if I move back into the house.

And you still want to have ties to a woman who would do something like that?

paulr23

AnotherJoe wrote: »

You are out of pocket anyway. How does having responsibility for a mortgage on a house you dont own help that?
And whatever agreement you sign with her doesn't cancel your responsibility to the mortgage company.

Well I will get back more or less 100% of what i invested with this scenario. However obviously the burden of the mortgage is on me for god knows how many years (she tells me if i want to come off at anytime she will get a mortgage with a family member)...

I also question whether or not this is breaching T&C's of the mortgage as it doesnt seem like a mortgage company would agree to something like this. Cannot find anything like it in the T&c's however unsure. Nationwides terms are not that in depth, plus this isnt a normal scenario.

BoGoF

The only way you accept the money is if she agrees to remortgage to get you off the mortgage. To do otherwise would be extremely foolish for a number of reasons.

Doozergirl

It is a fact that regardless of what contractual agreement you make with your ex, you are both jointly and severally liable for those mortgage payments.

That means both of you together and, if your ex just disappeared one day, just you. You are only relying on her word that she will pay. If she doesn't you will be in trouble and you can't sign that away.

Guess what that would do to your credit rating!

Cut your losses now. What if the house lost even more value over time? You'd have to pay her money to sell, despite her having the benefit of living there. Let her get a mortgage with a family member. I promise that it will only get more complicated when there's new partners and families involved.

It's as clean a break now as it could ever be. If you still love her, this is a dangerous way to maintain contact.

-taff

It's an insanely stupid idea.
Cut ties and sell. I imagine she wants to do it this way because she will also lose money

hazyjo

paulr23 wrote: »

Problem is with this that I know that I will probably never own another house in the near future, if at all, so giving someone my house is not an easy task especially to the person that I hate (but still love).

So do what other single people have to do and buy something smaller alone, or rent, or wait to meet someone else


Done it three times. Bought smaller each time. Wasn't the end of the world - just bloody annoying. Also have no idea why you want ties with someone who will lie to keep you out of your own house. I also wouldn't have left unless I had someone else to move in with, or would have sorted out an adult solution like splitting our time there (split when around 24 and I had a couple of weeks at the flat, then my ex had a couple of weeks at the flat. Meant I only had to spend 2 weeks at a time with parents, then got a bit of independence alone again for a couple of weeks ).