Hi,
My wife got a mortgage of €500,000 about 7 years ago (before we met) at the height of the market. She now has limited means of income and not much in the way of prospects. We got married about 1 1/2 years ago and I've been paying the mortgage, around €2,400 per month, out of my salary of €63,000 per year. We are currently trying to have a child through I.V.F. and have spent €20,000 on it over the past 14 months. Due to the I.V.F. I cannot afford to pay the mortgage so I have taken the hard decision of submitting a Standard Financial Statement to KBC band and not paying the last two mortgage payments.
My question is am I liable for my wife's mortgage? I'm am not on any of the documents and have had no involvement with the bank. I am simply not willing to give up on having children (we're both 41) to pay for a mortgage I have nothing to do with and can just about afford....
What's my liability? My wife and I are willing to lose the house in our pursuit of a family
Thanks in advance....
Micklin
My wife got a mortgage of €500,000 about 7 years ago (before we met) at the height of the market. She now has limited means of income and not much in the way of prospects. We got married about 1 1/2 years ago and I've been paying the mortgage, around €2,400 per month, out of my salary of €63,000 per year. We are currently trying to have a child through I.V.F. and have spent €20,000 on it over the past 14 months. Due to the I.V.F. I cannot afford to pay the mortgage so I have taken the hard decision of submitting a Standard Financial Statement to KBC band and not paying the last two mortgage payments.
My question is am I liable for my wife's mortgage? I'm am not on any of the documents and have had no involvement with the bank. I am simply not willing to give up on having children (we're both 41) to pay for a mortgage I have nothing to do with and can just about afford....
What's my liability? My wife and I are willing to lose the house in our pursuit of a family
Thanks in advance....
Micklin