Mortgage Repayments Now My Husband Has Moved Out

onthedivorcecue

Hi All!

Newbie to the site! I have a dilemma :eek: regarding my mortgage repayments. Firstly, my husband has moved out of the matrimonial home which is mortgaged in joint names. He has moved on to pastures new and says he can't afford to pay his share of the mortgage, and for where he is living now. We both originally called our mortgage lender on two separate occasions, we both explained the situation, but were both told NO!!. The lender was informed that the property was up for sale, and could we pay some of the mortgage until the house is sold. We asked this as I could only afford half of the mortgage and my husband couldn't to pay his share. The lender again said NO!!. So because of this I wrote and letter to the Mortgage Lender and complained and they will read my complaint and get back to me. The situation now is that I have asked my husband to pay half of his half, which he agreed to when were talking. Now he tells me he will send me a cheque for his half as agreed, but what shall I do if he doesn't fulfill this agreement if were aren't talking? I know I should inform my Solicitor in the first place, but what can I do regarding the Mortgage Lender if again the answer is NO!!. I'm having a bad enough time as it is just getting divorced when it wasn't down to me.
Any help would be appreciated as I don't wish to dent a very good credit score, which I have at the moment.

jobbingmusician

Sorry I don't have much expertise, but I thought I ought to mention the rent a room scheme, if you have space. Get a lodger, and pocket up to £4200 odd a year without paying tax..... this should help with 'his' half of the mortgage. http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/TaxOnPropertyAndRentalIncome/DG_4017804

You are supposed to tell your mortgage company if you have a lodger (although I never did) and I guess your OH might have to know at some point, but I just submit it as an idea for the hat, which might help you feel more secure about retaining your home while the finances are sorted out.

Good luck - I hope things get sorted very soon.

jackomdj

Why not make an appointment for you to go in to see your mortgage lender & discuss any available options face to face. It may be easier than having a one sided conversation over the phone.

Are you entitled to any payment breaks? Or could you increase the term of your mortgage (thus decreasing the monthly payments) or change it to interest only? Just look into any options available which will make things easier for you.

I remember when I split from my ex I was lucky enough to have my father pay part until I was able to afford it & even then the mortgage co insisted my ex stayed on the mortgage for a year (I got divorced quicker than I managed to get out of the joint mortgage!) then the mortgage co insisted my Dad was a guarantour (sp?).]

Good luck with everything
Nicky

herbiesjp

Is it an interest only mortgage?

If not, then change it to interest only, as hopefully you will sell shortly and this will reduce the monthly payments short term

silvercar

If it is a joint mortgage then you are both liable. Your OH can't just walk away from the mortgage, he is liable for its payment just as you are. Falling behind with repayments will affect his credit rating as much as yours. On a joint mortgage you are both responsible for ensuring all the payments are made. Your OH should be reminded of this!