Wondering what I can do to get myself off mortgage with my ex.

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Adam.92

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Post by Adam.92 » Tue Apr 05, 2016 11:06 pm
Hi
I have 2 months left of an iva after 6 years
I own my house with my ex, we split up just after starting the iva
We have both been paying the mortgage even tho I moved out
I need to sell my half of the house now and he away from my ex
(Lots of things went on)
I am so worried as my ex says he can't afford the house on his own and won't consider looking for a new mortgage or try with his new person
I am wondering what I can do to get myself off the mortgage and clear of it
Can we sell to someone that he can rent off or how soon can he get a mortgage on his own?
How soon can we sell too (which he won't entertain)
I'm in aright mess
 
 

kallis3

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Post by kallis3 » Wed Apr 06, 2016 8:49 am
Hi and welcome,

If he cannot afford the house on his own then I doubt the mortgage company will take you off the mortgage. If he won't sell then there is nothing you can do about that.

I would suggest speaking to a solicitor (most will give free advice for a short session) or visit CAB to see wht they say.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Lisa Thomas

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Post by Lisa Thomas » Wed Apr 06, 2016 10:09 am
He can't have it all and needs to make a decision.

I strongly suggest you get a lawyer instructed to sort things out.

Worst case scenario perhaps you stop making the payments/voluntarily hand the keys back and get the bank to repossess and sell it...
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

kallis3

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Post by kallis3 » Wed Apr 06, 2016 10:17 am
Won't that impact further on the OP's credit rating though?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Lisa Thomas

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Post by Lisa Thomas » Wed Apr 06, 2016 10:46 am
Yes but it could well happen anyway if an agreement can't be met with the ex.

It is a last resort if OP can't resolve with a lawyer.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

FormerlyST1100

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Post by FormerlyST1100 » Wed Apr 06, 2016 10:59 am
As Lisa says, best to see a lawyer on this.

If you were married this would be sorted during the Finance Order between the Nisi and absolute.

If not married, you can seek a court order forcing the sale of the property.
 
 

Lisa Thomas

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Post by Lisa Thomas » Wed Apr 06, 2016 11:03 am
I can recommend a specialist insolvency lawyer if OP drops me a DM.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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