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JuneJ

Sorry in advance for the lengthy post. My son & his ex wife have a mortgage with YBS and his fixed rate expired at the end of last year. He is still living in the house and is in the throes of a messy divorce. The house is up for sale and his ex was refusing any offers made on the property. On the advice of his solicitor, he stopped paying the mortgage with a view to getting his other half to accept any reasonalbe offer that was forthcoming. This backfired spectacularly, as the morgage fell into arrears, the offer on the house was withdrawn and 12 months later the house is still on the market. The current repayments have rocketed from £630 to just under £900 and YBS are saying they cannot offer a new product until such time as 12 payments have been made on the new amount (by the way the arrears have since been paid in full)
My question is, should YBS be trying harder to help him?
His credit rating has suffered as a mobile phone contract in his name that he took out for his wife (as she couldn't get one in her name) was defaulted on by his ex (unbeknown to him) and obviously he now has a black mark against his name with the Yorkshire Building Society as the mortgage fell into arrears. We really don't know where to turn.
Thanks from a very concerned Mum.

Thrugelmir

JuneJ wrote: »

My question is, should YBS be trying harder to help him?

In what way? Failing to pay the mortgage was self inflicted.

Likewise the fact that the property hasn't sold isn't the lenders issue either.

gary83

JuneJ wrote: »

On the advice of his solicitor, he stopped paying the mortgage with a view to getting his other half to accept any reasonalbe offer that was forthcoming. This backfired spectacularly, as the morgage fell into arrears, the offer on the house was withdrawn and 12 months later the house is still on the market.

If it's was me firstly I'd be wondering just how competent the solicitor was I'd picked out, and how much he was charging me for such spectacularly bad advice.

JuneJ wrote: »

His credit rating has suffered as a mobile phone contract in his name that he took out for his wife (as she couldn't get one in her name) was defaulted on by his ex (unbeknown to him) and obviously he now has a black mark against his name with the Yorkshire Building Society as the mortgage fell into arrears.

How did this default happen? Why didn't he know about it? the phone contract was essentially his, he applied for a contract and then instantly gave the phone to his wife, all the bills & direct debits would have been in his name and addressed to him, how far did this default escalate?