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icewolf
Starting Member
4 Posts |
 Posted - 19 June 2010 : 16:57:07
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I have received a letter from receivers regarding the property I joint own with my ex. he has gone bankrupt and they are offering me the beneficial interest.
At the moment I am paying the mortgage so my credit isn't affected (I now live elsewhere in the country) and he refuses to pay anything towards the mortgage and living there rent free whilst the house falls into disrepair.
I had hoped we could come to an agreement once we split but by him going bankrupt he has made that impossible
So if I buy this interest is the house totally mine? i am fully liable for the debts so why should he get to keep his half of the house when I could actually do something with it now.
he is also showing on my credit reference. i spoke to a mortgage company who said I would need an entire new mortgage to buy him out, but I am already liable for the money and cannot get a 10% deposit and the house is in neg equity.. nightmare!
Any help gratefully received |
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RHB
Senior Member
1159 Posts |
Posted - 19 June 2010 : 22:10:06
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| Your best bet with the mortgage is to get your current lender to ok it.I think you need to speak to a divorce lawyer about getting a financial settlement sorted or else you may end up with your credit shot too. If you took over the house would you sell it & cover the shortfall or rent it out? |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 20 June 2010 : 08:35:06
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Hi,
I agree with RHB - you need some advice.
Can I suggest that you speak to someone from Reviva - they will, I am sure, have some suggestions.
I am able to assist with cyber advice on this, but not one to one - Paul from Reviva can and he is good!
Regards, Richard
"There are no problems - only solutions" |
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RHB
Senior Member
1159 Posts |
Posted - 20 June 2010 : 09:03:17
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| All due respect to Reviva Housing but I think this needs a divorce lawyer. No point her buying the BI & oaying the mortgage while ex lets it fall into a state!!! |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 20 June 2010 : 10:00:38
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Hi RHB,
A good point, BUT, Reviva have an excellent handle on multi faceted approaches - I agree advice for this whole issue is best addressed by a lawyer ultimately.
A call to Reviva is, of course, free initially and they can give a steer.
Regards, Richard
quote:
Originally posted by RHB
All due respect to Reviva Housing but I think this needs a divorce lawyer. No point her buying the BI & oaying the mortgage while ex lets it fall into a state!!!
"There are no problems - only solutions" |
Edited by - Housing on 20 June 2010 10:01:29 |
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ex gone bankrupt & beneficial interest
