I need some advice please!
I bought a house with an ex-partner in 2007, we split up in 2010 and he has been living in the property ever since. Since we broke up he has been dealing with the EBS directly and telling me that they will only take my name off the mortgage once he is earning over a certain amount. I was very naive at the time and trusted his updates and that he was keeping up to dates with his payments (in hindsight I learnt this was a bad idea)
Long story short, he fell being on payments and my credit rating has suffered as a result.
Since learning this I have been with a solicitor and explored all the avenues, however there seems to be no short term solutions for this. My ex is now making payments to the EBS however it could be a very long time before I will be let off that mortgage.
Other factors, I have no dealings with my ex expect through the solicitors, we believe the property is in negative equity (I do not have a recent valuation – but using daft as a guide) my ex doesn’t want to sell the property.
I bought this property when I was 19, now I am 30, have a good job, I am in a stable relationship and would like to buy a family home. My current partner is on a lower salary than me (ME 55K HIM 32K) I have no other debts, credit cards, or car loans.
Taking into account all the above facts, is there any way I could get a mortgage today? Alone or jointly with my new partner? What would be the best way to go about it?
*note* we have €20K saved up for a deposit for a new home.
I appreciate any advice, apologies if I am missing any key information – please request if needed.
I bought a house with an ex-partner in 2007, we split up in 2010 and he has been living in the property ever since. Since we broke up he has been dealing with the EBS directly and telling me that they will only take my name off the mortgage once he is earning over a certain amount. I was very naive at the time and trusted his updates and that he was keeping up to dates with his payments (in hindsight I learnt this was a bad idea)
Long story short, he fell being on payments and my credit rating has suffered as a result.
Since learning this I have been with a solicitor and explored all the avenues, however there seems to be no short term solutions for this. My ex is now making payments to the EBS however it could be a very long time before I will be let off that mortgage.
Other factors, I have no dealings with my ex expect through the solicitors, we believe the property is in negative equity (I do not have a recent valuation – but using daft as a guide) my ex doesn’t want to sell the property.
I bought this property when I was 19, now I am 30, have a good job, I am in a stable relationship and would like to buy a family home. My current partner is on a lower salary than me (ME 55K HIM 32K) I have no other debts, credit cards, or car loans.
Taking into account all the above facts, is there any way I could get a mortgage today? Alone or jointly with my new partner? What would be the best way to go about it?
*note* we have €20K saved up for a deposit for a new home.
I appreciate any advice, apologies if I am missing any key information – please request if needed.
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