Can I Pay Someone Else's Mortgage?

hellydilly

My partner and I split last year and he agreed to pay the mortgage on the house until August this year (the house is in his name but I have a beneficial interest in the property and an agreement to split the equity 50:50. He moved out of the house to be with his affair partner and I remained in the house).

The house is about to go on the market but he is adamant that he will not pay the mortgage after August this year. I have offered to pay the mortgage lender direct but he says they will not allow me to do this. Is this correct? He says he will simply stop paying the mortgage after which the lender will begin repossession proceedings. I don't understand why he would do this when I am willing to pay the mortgage payments myself.

SpiderLegs

I’d just let him get on with it if that’s what he wants to do. Won’t be your credit that’s trashed.
how much equity is there?

hellydilly

About £110k ie £55k each - hence the reason I want to ensure it's protected.

getmore4less

Why won't it have sold by then?
Do you want to buy it?
Repossession won't happen overnight?
If you know the account information you can probably pay but if he has stopped the DD that may trigger a response from the lender.

dimbo61

I think he wants to break the financial ties to you.
Why can't you sell the property ?
Oh course you can pay the mortgage just contact the lender once you know he has stopped paying.
However I take it he is paying 100% of the mortgage right now but you get 50% of any equity.
If he stops in August and you pay 100% of the mortgage payment he will still be entitled to 50% of the equity on sale !

Thrugelmir

dimbo61 said:

I think he wants to break the financial ties to you.

Sounds as if the conversation is at cross purposes. 

Grumpy_chap

It sounds like he is applying the deadline to encourage the sale of the property - perhaps he thinks (correctly or otherwise) that you have been slow in marketing the property and making alternative arrangements.

ACG

You can pay mine if you like

You can pay the mortgage if you wish. If your name is not on the mortgage, you will need the information as the lender will not give you that information. But they wont stop you paying it.