Hi, bought a house in 2007 with ex boyfriend. The relationship split. He went abroad & stopped paying his half of the mortgage.
Becauseof this it fell into arrears. I can't sustain the total mortgage repayment on my wage. It is a tracker mortgage.
I am on interest only but being reviewed on a 3 monthly bais.The bank are fully aware of the circumstances. I received notification that my ex has signed an Authority to release the title deeds of the house to my solicitor. (i cannot afford my solicitor at present) I believe a copy of this authority was sent to the bank also.
I am living in this house and it is my home. I am not in a position to sell at present. I was considering asking the bank to facilitate me with a mortgage on my own as i would like to keep the house. The house is in negative equity and i will end up owing a large sum and have no house to show for it if it is sold.
I am aware that i am jointly & severally liable for the total amount of the mortgage owing if the ex dosent pay anything. Is there a way around this for me? Could you tell me with the title deeds released by him does this open an avenue for me to keep the property etc
suggestions much appreciated
thanks in advance!
Becauseof this it fell into arrears. I can't sustain the total mortgage repayment on my wage. It is a tracker mortgage.
I am on interest only but being reviewed on a 3 monthly bais.The bank are fully aware of the circumstances. I received notification that my ex has signed an Authority to release the title deeds of the house to my solicitor. (i cannot afford my solicitor at present) I believe a copy of this authority was sent to the bank also.
I am living in this house and it is my home. I am not in a position to sell at present. I was considering asking the bank to facilitate me with a mortgage on my own as i would like to keep the house. The house is in negative equity and i will end up owing a large sum and have no house to show for it if it is sold.
I am aware that i am jointly & severally liable for the total amount of the mortgage owing if the ex dosent pay anything. Is there a way around this for me? Could you tell me with the title deeds released by him does this open an avenue for me to keep the property etc
suggestions much appreciated
thanks in advance!