Note: You must be registered in order to post a reply. To register, click here. Registration is FREE!
T O P I C R E V I E W
djg
Posted - 22 August 2007 : 16:00:57 Hello
My husband and I have a joint mortgage - £20,000 equity in the house. If he went bankrupt would his creditors take £10,000? Would I then have to find the other £10,000 to keep the house? Also would I then have to apply for the motgage in my name alone and show that I earn enough money for the payments on my own (even though my husband would still live there and pay half)? I don't earn enough to get a mortgatge on my own though - would this mean that we would be made homeless?
2 L A T E S T R E P L I E S (Newest First)
mikebdomain
Posted - 13 November 2007 : 19:42:59 Hi Djg
The OR would be entitled to your husbands beneficial interest. You will not have to remortgage.
Posted - 26 August 2007 : 08:51:06 I would suggest that you find out everything you can before deciding to go BR. You probably won't loose your house if the BR is conducted properly.
