Hi I would like to get some advice on the following:
Joint mortgage - separated - 1 child - family home
Value of Mortgage €230,000
Arrears: €30,000
Tracker rate: 0.95%
Judgement against family home: €70,000 BOI ex hus business loan
Value of House: €150,000 ?-
Paying interest only - €150.00 per month
Repayments should be around €1000
According to SFS submitted : I can pay €586 per month includes maintenance of €325.00 per month which I only received €200.00 this month.
There is planning issues with the property - boundary incorrect and roof issues which could cost in the region of €10k to rectify.
The problem is my ex hus has other large debts with AIB. He also restructured our mortgage against business loans in the region of €115,000 a number of years ago. I know I signed for it and I know we are jointly and severally liable
They are suggesting parking some of the debt and extending the term of the mortgage until I am 67 and use my pension to pay off rest. I am due to retire at 61. When I queried what I would live on AIB have stated that I should sell the house when I retire. This was over a phone call.
This is the problem they are not chasing him they are dealing with me as I am living in the family home. He is self employed. I don’t really know if I want to live there as it is beside his family.
It would possibly cost me around €550.00 per month to rent.
I have asked them for the following:
I want the business loans of €115,000 to be written off and to extend the term of the mortgage until I am 61. I want my husbands name removed from the mortgage and to retain my tracker and credit rating.
My solicitor is now involved and I don’t know what to do. It is a total mess.
.
Joint mortgage - separated - 1 child - family home
Value of Mortgage €230,000
Arrears: €30,000
Tracker rate: 0.95%
Judgement against family home: €70,000 BOI ex hus business loan
Value of House: €150,000 ?-
Paying interest only - €150.00 per month
Repayments should be around €1000
According to SFS submitted : I can pay €586 per month includes maintenance of €325.00 per month which I only received €200.00 this month.
There is planning issues with the property - boundary incorrect and roof issues which could cost in the region of €10k to rectify.
The problem is my ex hus has other large debts with AIB. He also restructured our mortgage against business loans in the region of €115,000 a number of years ago. I know I signed for it and I know we are jointly and severally liable
They are suggesting parking some of the debt and extending the term of the mortgage until I am 67 and use my pension to pay off rest. I am due to retire at 61. When I queried what I would live on AIB have stated that I should sell the house when I retire. This was over a phone call.
This is the problem they are not chasing him they are dealing with me as I am living in the family home. He is self employed. I don’t really know if I want to live there as it is beside his family.
It would possibly cost me around €550.00 per month to rent.
I have asked them for the following:
I want the business loans of €115,000 to be written off and to extend the term of the mortgage until I am 61. I want my husbands name removed from the mortgage and to retain my tracker and credit rating.
My solicitor is now involved and I don’t know what to do. It is a total mess.
.