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T O P I C R E V I E W
conlin
Posted - 18 October 2012 : 17:42:24 My ex is going bankrupt, we split over 4 years ago and i have been solely paying the mortgage since then. There is little to no equity in the house, i am happy to continue paying the mortgage. she has been told that they will take her part of the house. Meaning i will either have to buy them out or rent their share. Is this true? Does anyone know what the process would be?
2 L A T E S T R E P L I E S (Newest First)
Viki.W
Posted - 19 October 2012 : 07:38:21 Hi Conlin,
You will be able to buy back the beneficial interest from the OR. If it's in negative equity then you will need to offer £1000 plus fees.
Once you have done this, then your home will no longer be at risk.
I suggest you get a valuation on the property based on a quick sale and an up to date mortgage balance to check that there isn't any equity.
