Is there any alternative?

AuntyJean

Some of you will know me and the situations I have had in the past. But here goes with a summary.

Left hubby in marital home 10 1/2 yrs ago and moved in with partner. Silly me did not realise he would get 1/2 of my inheritance at current value of home but that's over with now. I bought ex out and rented the house out 2 years ago. I have a BTL mortgage on it in my name only.

Partner & I bought a holiday home using his house (he inherited it from his mum) to fund the £30k mortgage. So there is no mortgage on the holiday home which is 50/50 owned as tenants in common.

However, the solicitor suggested that partners house should be jointly owned as it was a joint mortgage to which partner agreed as he is divorced and does not want anything to do with his grown up daughters.

The agreement was he give me a sum of money per week toward the mortgage and bills etc. However, he has been out of work more than in and has had about 12 temp jobs (lasting from 1 day to 6 weeks) in the last 2 years.

In order to keep the wolf from the door I recently took up a part-time job 12 hrs per week at peanuts pay. So I now work 7 hrs a day then go to another job for 4 hrs M, W & F.

I pay all the bills and buy the food and, since he has been out of work have been giving him beer money.

He does not seem to be actively seeking work and makes up excuses such as agencies don't take on temps any more, or he is physically incapable of certain jobs etc.

So, in a nutshell I have been keeping him for 10 years in return for living in his house rent free.

Finally, I have decided to move out and am about to give notice to my tenant so that I can move back to my old house. I will take on 3 jobs if I have to!

My concern is what will happen to my partner and his/our house? I feel as though I am kicking him out of his own home if I leave as he has no job and cannot afford to pay any of the bills. And I cannot afford to pay them for him.

If the mortgage company forecloses that will be worse for me as I am earning.

I presume that the only option is for partners/our house to be sold and make him homeless. This clearly isn't going to happen by end of Jan when I move out so what should I be doing now to ensure the best for him and me?

ailuro2

Sell off the holiday home, split the profit, he can drink his share or use it to pay off the mortgage, he can think himself lucky you've funded him all these years.:beer:



If he can't get off his behind and get a job, then it's nothing for you to feel guilty about.Sounds like yo're doing the right thing.

AuntyJean

If the mortgage gets paid off, what will happen regarding other bills he doesn't pay such as water rates, electric, gas etc.? I know I will let these companies know I have moved out but can they force a sale of the house?

ailuro2

It won't be your concern anymore.

Once you are separated then you won't be responsible for him any longer. I would suggest a visit to a solicitor to see if you need to make these things official- I suspect you would benefit from something stating you had separated, to keep your credit rating etc. intact.

Savvy_Sue

And I'd stop giving him beer money right now! That might get him off his backside and back to work, although I wouldn't bank on it ...

AuntyJean

Okay, so I stopped giving him beer money and got beaten up as a result.

Have had help from Next-Link who have been fantastic. Have not had much help from solicitors though. I went to a local firm who provided the free 1/2 hour consultation and basically told me I am stuffed unless I am prepared to pay about £7,000+. Alternatives? Come to some agreement about selling the house (hope in hell's chance!) or, let them reposess which will mean I get black-listed. Final outcome? To keep paying the mortgage even after I move out!!!!! Thanks solicitors.

Can anyone advise me as to how I ensure that I am separated from any debts in HIS name eg. credit cards, household bills etc., both now and when I move out.

Also, if I approach the B/Soc where we have a joint account which is £1,000 overdrawn will I be responsible for the whole of the overdraft?

He is still out of work although he is supposed to start a new job in the New Year. My concern is that he will start running up tabs/credit everywhere and they will come after me as I am working.

jacksons_mum

sorry to hear of your situation, i cant really offer any help on the legal side but the citizens advise bureau might be able to offer some advise

does he know that you are planning on leaving him in january?

bunty109

AuntyJean wrote: »

Okay, so I stopped giving him beer money and got beaten up as a result.

Have had help from Next-Link who have been fantastic. Have not had much help from solicitors though. I went to a local firm who provided the free 1/2 hour consultation and basically told me I am stuffed unless I am prepared to pay about £7,000+. Alternatives? Come to some agreement about selling the house (hope in hell's chance!) or, let them reposess which will mean I get black-listed. Final outcome? To keep paying the mortgage even after I move out!!!!! Thanks solicitors.

Can anyone advise me as to how I ensure that I am separated from any debts in HIS name eg. credit cards, household bills etc., both now and when I move out.

Also, if I approach the B/Soc where we have a joint account which is £1,000 overdrawn will I be responsible for the whole of the overdraft?

He is still out of work although he is supposed to start a new job in the New Year. My concern is that he will start running up tabs/credit everywhere and they will come after me as I am working.

There is a way of disassociating yourself from him financially and I believe you need to contact the credit reference agencies such as Experian with a letter stating as such. I'm sure someone here will know how it's done, but I've forgotten!

I'm so sorry that he turned on you but very glad you are away from him xx

thatgirlsam

you poor thing! no-one deserves to be attacked, personally i would report him to the police.

also a man who doesn't have anything to do with is kids is usually not a very nice man. some men have no choice i know.

simpywimpy

bills in a joint account are not just both liability but as you are the only one working they will go for you for the whole amount. Anything in his name only has no impact on you but the overdraft in joint names will. Sorry to be bearer of bad news. You need his say so to close the joint account even if he's abusing it I think.

Be careful giving your new address out to firms so as not to associate debts at other addresses back to the one you are in now so you can start building a new credit rating again. Even if that means opening a new bank account in your sole name with no facilities for a year to get you going.

Well done of breaking out of what sounds like an awful relationship for you. Try and think of a new year as a new start on your own two feet but get another solicitor for a second opinion.

Would you be better going in a rented house rather than risk the one you are renting out at the minute? At least the mortgage on that is being paid for with the tenants that are in it.
Best wishes

PasturesNew

To be honest, I got confused somewhere along the way.

But how much is the house 'worth'? How much is the mortgage?