Hi guys, Just need a bit of advice. I have a house with an ex. We bought the house in 2006 and while the house suffered greatly with negative equity a few years ago, it has recovered to a certain extent and is now about 40k negative equity. I lived in the house for a short period before the relationship broke down. My ex has continued to live there while I have continued to contribute to the mortgage since then. With no answer to the problem and 100k negative equity I had no choice at that time but to put this in the background and move on with my life in the hope that the market value of the house would eventually neutralise the negative equity and then we would sell the house, but it’s now YEARS later and the recovery has slowed it seems in this particular area. I now have a wife, kids and a second house. At this stage I really need to get out of my old house, I can’t help but feel my family are at financial risk due to this burden. I am liable to the entire mortgage if my ex decides to do a runner… It’s a nightmare and now due to unexpected circumstances, money is very tight and when I have to hold off buying necessities for my new-born and instead put money into this black hole I sometimes feel like “what’s the point, why am I struggling to pay this mortgage for a house I haven’t even seen in years… use the money to go on my family’s needs instead!!!” I know it’s not realistic but it’s what goes on in my head sometimes! I read so many similar stories of the person that moves out just stops paying. My query is, how can I get out of this. If we and bank agrees to sell the house there will be 40k approx to pay in negative equity, 20k for me. I don’t have this in one lump sum, or any type of sum! All I have is the monthly amount I use to pay that mortgage, so the only way I could pay this negative equity is for it to be arranged into some sort of manageable loan and paid over a few years, or the negative equity debt be written off which would be a dream and let me get on with my life as I struggle at the moment with this burden. I have heard of Personal Insolvency Schemes, but how do these work, would they work for me? I need some sound advice on a direction I should be aiming for!