M
Get paid professional legal advice with proper recourse, don't take legal advice from anonymous posters on an internet forum.
Professional legal advice regarding her question, not the unsolicited relationship advice.Can anyone advise me on the responsibility of a wife towards her husbands debt? In other words I am wondering if is forced to walk away from this house after we are married, will I be legally obliged to carry the debt? Also, my fiance is a resident of Northern Ireland.
Professional legal advice regarding her question, not the unsolicited relationship advice.
I admire your confidence, I hope it's from a position of enlightenment rather than ignorance. I personally would not be so confident in my understanding of family law and would consult a professional, if only to be certain of how to structure my finances.You don't need to talk to a solicitor to know that you don't take on your husbands debt unless you choose to do so but that there implications when looking for something like a mortgage.
Meanwhile you lose thousands of euro in interest payments. Willingly entering into negative equity is different to making the best of a bad situation that has evolved.Negative equity is only a temporary issue as with time the property value will rise.
Negative equity is only a temporary issue as with time the property value will rise.
"There will be no problem taking out a mortgage on your own, if your name is also solely on the deeds, whether you're married or not."
Not true. If they are married and the property is to be their famiy home, then a lender will require them both to be on the title and on the mortgage and, given the fiance's track record, this is likely to be a major issue.
It is precisely because money issues are such a big part of relationships ( and the way that people cope with same) that it is imperative that OP considers her position. OP needs to be aware of the implications of marrying someone in debt.
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