House Purchased September 2007 for €440k
Joint mortage €408k
Tracker 1.25% over ECB
€32k deposit paid by me
Arrears today €20k
Mortgage outstanding including arrears €387k
House valued today at €190k
At time of purchase she was earning €40k, I was earning €50k.
Bankruptcy will destroy my career.
She moved out May 2009, I remained in the house and continue to live here today. I would like to remain here but the longer this goes on the less likely I believe that will happen.
Between May 2009 and November 2010 she paid €600/mth towards the mortgage, I paid the remianing balance on the mortgage and all expenses.
In November 2010 she quit her job, ceased all payments on our mortgage account and moved in with her now husband.
Irrelevant comment, which would identify the ex deleted - Moderator
Since November 2010 she has refused to pay anything off the mortgage and she continues to refuse to engage with the bank or myself.
Today I still earn €50k, however if I pay the full mortgage including house and work expenses I will be left with less to live on than that of someone on social welfare. Her lack of co-operation means that no alternative arrangement with the bank can be put in place.
For the last 3&half years I have asked for mediation and have been ignored. Since the beginning of this year I have sent 6 solicitors letters asking for mediation all of which have been ignored.
The bank have 4 sayings.
1. You are joint and severally liable for the full amount outstanding.
2. Under MARBS you are being dealt with separately, we can tell you nothing about our dealing with your ex.
3. Any alternative arrangement requires the agreement of both parties.
4. Our hands are tied.
Joint mortage €408k
Tracker 1.25% over ECB
€32k deposit paid by me
Arrears today €20k
Mortgage outstanding including arrears €387k
House valued today at €190k
At time of purchase she was earning €40k, I was earning €50k.
Bankruptcy will destroy my career.
She moved out May 2009, I remained in the house and continue to live here today. I would like to remain here but the longer this goes on the less likely I believe that will happen.
Between May 2009 and November 2010 she paid €600/mth towards the mortgage, I paid the remianing balance on the mortgage and all expenses.
In November 2010 she quit her job, ceased all payments on our mortgage account and moved in with her now husband.
Irrelevant comment, which would identify the ex deleted - Moderator
Since November 2010 she has refused to pay anything off the mortgage and she continues to refuse to engage with the bank or myself.
Today I still earn €50k, however if I pay the full mortgage including house and work expenses I will be left with less to live on than that of someone on social welfare. Her lack of co-operation means that no alternative arrangement with the bank can be put in place.
For the last 3&half years I have asked for mediation and have been ignored. Since the beginning of this year I have sent 6 solicitors letters asking for mediation all of which have been ignored.
The bank have 4 sayings.
1. You are joint and severally liable for the full amount outstanding.
2. Under MARBS you are being dealt with separately, we can tell you nothing about our dealing with your ex.
3. Any alternative arrangement requires the agreement of both parties.
4. Our hands are tied.