Sylvester3
Registered User
- Messages
- 300
Hi all,
My ex-wife and I own a house with a mortgage of 240,000 and a value of around 160,000 if we are lucky.
I returned to the UK so we could get divorced more quickly and so we would both have a good shot at rebuilding our lives. I returned to Uni and she found a job. She returned a couple of years before me. I have always been the sole earner, and the only one who actually paid the bills as she was a student in Ireland.
I managed to let out the house before I left, and kept the tracker, the bank not seeming to make an issue of it. There was a shortfall of around €200. However just before I left Ireland my ex wife who had never made any effort to pay told me she wouldn't share the extra cost with me and would prefer to go bankrupt. This was a change of tune as she had reassured me before I committed everything that she would of course share the costs.
I was fairly angry at this as I had paid for her education and the house for years and she was unprepared to help maintain the property. I called the bank (UB) to negotiate before I left for the UK but they were uninterested as long as I maintained payments. So I decided to play hardball and stopped all payments and awaited their response. When they eventually started the MARPS process I was upfront about everything.
I finally got them to agree to extend the term by 8 years, with the tracker, and the cost is only €70 more than the rental. I will need to arrange something else for the arrears, but seeing as I left the rental income untouched, I hope it won't be too much over.
At this point my ex, who is also involved (being joint on the mortgage) decided to ask the bank to allow us to sell. They agreed with the usual provision of paying for the remainder under terms.
I don't want to do this, but I don't know if I can continue to maintain the mortgage if she demands we sell. I know the bank are unlikely to allow me to take her off the mortgage and they see her as the mark as she has a job whilst they know I am at Uni doing a PG course. This is sort of ridiculous as I am the only one who has ever paid the mortgage!
Its a little complicated as she knows I plan to move to Aus to be with my new girlfriend, and has told me she thinks I will leave her with a mess to clean up financially. I'm pretty sure, on the other hand, that she will look at the joint €80k shortfall the bank will levee (at least) and call uncle before bankrupting under the UK system. I definitely have no desire to do that so I would be left with the entire sum in that situation.
I was fairly well paid (€60k) and will be again (IT consultant type stuff) come the end of the summer and a move to Aus. My course is to get me into a dearly desired and quite lucrative specialism. I'm in my mid 30's. My ex has a middling UK income (Teacher) and student debts, parental debts she considers more important than our joint responsibility. I cleared all debts before I left Ireland (apart from house, natch) and have accumulated none so far. My ex and I parted with no alimony responsibilities to each other.
So folks, how can I best describe the situation to my ex-wife so she will agree to at least try to maintain the property for a few years and not make a knee jerk decision to cut all ties and sink the ship?
My ex-wife and I own a house with a mortgage of 240,000 and a value of around 160,000 if we are lucky.
I returned to the UK so we could get divorced more quickly and so we would both have a good shot at rebuilding our lives. I returned to Uni and she found a job. She returned a couple of years before me. I have always been the sole earner, and the only one who actually paid the bills as she was a student in Ireland.
I managed to let out the house before I left, and kept the tracker, the bank not seeming to make an issue of it. There was a shortfall of around €200. However just before I left Ireland my ex wife who had never made any effort to pay told me she wouldn't share the extra cost with me and would prefer to go bankrupt. This was a change of tune as she had reassured me before I committed everything that she would of course share the costs.
I was fairly angry at this as I had paid for her education and the house for years and she was unprepared to help maintain the property. I called the bank (UB) to negotiate before I left for the UK but they were uninterested as long as I maintained payments. So I decided to play hardball and stopped all payments and awaited their response. When they eventually started the MARPS process I was upfront about everything.
I finally got them to agree to extend the term by 8 years, with the tracker, and the cost is only €70 more than the rental. I will need to arrange something else for the arrears, but seeing as I left the rental income untouched, I hope it won't be too much over.
At this point my ex, who is also involved (being joint on the mortgage) decided to ask the bank to allow us to sell. They agreed with the usual provision of paying for the remainder under terms.
I don't want to do this, but I don't know if I can continue to maintain the mortgage if she demands we sell. I know the bank are unlikely to allow me to take her off the mortgage and they see her as the mark as she has a job whilst they know I am at Uni doing a PG course. This is sort of ridiculous as I am the only one who has ever paid the mortgage!
Its a little complicated as she knows I plan to move to Aus to be with my new girlfriend, and has told me she thinks I will leave her with a mess to clean up financially. I'm pretty sure, on the other hand, that she will look at the joint €80k shortfall the bank will levee (at least) and call uncle before bankrupting under the UK system. I definitely have no desire to do that so I would be left with the entire sum in that situation.
I was fairly well paid (€60k) and will be again (IT consultant type stuff) come the end of the summer and a move to Aus. My course is to get me into a dearly desired and quite lucrative specialism. I'm in my mid 30's. My ex has a middling UK income (Teacher) and student debts, parental debts she considers more important than our joint responsibility. I cleared all debts before I left Ireland (apart from house, natch) and have accumulated none so far. My ex and I parted with no alimony responsibilities to each other.
So folks, how can I best describe the situation to my ex-wife so she will agree to at least try to maintain the property for a few years and not make a knee jerk decision to cut all ties and sink the ship?