Was in a long term relationship (not married) and in 2006 we bought a house under joint tenancy. Mortgage in both names and we used the joint proceeds of the sale of our first home together as the deposit, so we equally contributed to the house and mortgage repayments.
last year he had an affair. our relationship ended and although there was lots of pain and anger and sadness when the affair was uncovered and our relationship ended we have somehow managed to come out the other side on ok terms and are still in communication. We are not arguing or fighting and things are amicable. He is still contributing and paying his half of the mortgage and he claims that he intends to do this and is fully committed to repaying his mortgage debt. We probably have 50% neg equity.
The affair didnt last, even though they had an unplanned baby earlier this year that relationship was short lived and ended badly.
I know this might sound like a selfish question but.......Considering that we have joint tenancy, In the event of the death of my Ex will his child have any rights to my home.
Does the fact that we are no longer living together does joint tenancy change?
I know that I will probably get advise to make a deal with bank, sell and restructure the neg equity debt but I dont want to sell, this was our dream home that we worked and saved so hard for and Im not yet ready or prepared to give it up just cause our relationship ended. PLus I would never get a mortgage on my own that would cover the neg equity and provide for another property that is comparable to what i have now.
I also dont want to go to our solicitor to ask as he is friendlier with my ex and I dont really want to open a can of worms.
Anyway, what I want to know is, in the unlikely event of the death of my ex, will his now ex-mistress be able to put any claim against my home in the name of her/their child.
Thanks,
Raspberry
PS: He doesnt have a will.
last year he had an affair. our relationship ended and although there was lots of pain and anger and sadness when the affair was uncovered and our relationship ended we have somehow managed to come out the other side on ok terms and are still in communication. We are not arguing or fighting and things are amicable. He is still contributing and paying his half of the mortgage and he claims that he intends to do this and is fully committed to repaying his mortgage debt. We probably have 50% neg equity.
The affair didnt last, even though they had an unplanned baby earlier this year that relationship was short lived and ended badly.
I know this might sound like a selfish question but.......Considering that we have joint tenancy, In the event of the death of my Ex will his child have any rights to my home.
Does the fact that we are no longer living together does joint tenancy change?
I know that I will probably get advise to make a deal with bank, sell and restructure the neg equity debt but I dont want to sell, this was our dream home that we worked and saved so hard for and Im not yet ready or prepared to give it up just cause our relationship ended. PLus I would never get a mortgage on my own that would cover the neg equity and provide for another property that is comparable to what i have now.
I also dont want to go to our solicitor to ask as he is friendlier with my ex and I dont really want to open a can of worms.
Anyway, what I want to know is, in the unlikely event of the death of my ex, will his now ex-mistress be able to put any claim against my home in the name of her/their child.
Thanks,
Raspberry
PS: He doesnt have a will.