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  • Minkym00
    Minkym00 Posts: 791 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    So, she’s not living in the house but the father is. She’s on benefits so you’re paying the mortgage of £50,000. She can’t raise the money to settle the claim being made against her.

    If you can raise the extra £45,00 then you’re buying out the Trustee’s interest And it’s still a good investment for your kids. However they’ll still want the brother to raise his share. Can he do that?

    Has a bankruptcy restriction been placed on the house at the Land Registry? If so it’s could be difficult to get a secured loan against it.

    Sell it. Your ex will get any surplus back to reinvest (and your father in law could live in the new place).
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