Hi Guys
Right heres the situation:
Bought house with ex in 2008 for €300k
Remaining balance is €275k
Value maybe €180k
I'm living in the house with our daughter and am a civil servant. He is now unemployed, with little chance of employment in the future. He's living with his girlfriend and their child in her house.
He has multiple unpaid loans etc and contributes nothing towards our mortgage. He is anxious to get off the mortgage and deed etc, I am also anxious to get him off it.
So my question is, could he go down the personal involvency route? if so, how would affect our mortgage? As it stands the mortgage is on interest only as I can't afford the whole lot on my own and obvioulsy this is not a long term solution so is personal insolvancy the answer?
Right heres the situation:
Bought house with ex in 2008 for €300k
Remaining balance is €275k
Value maybe €180k
I'm living in the house with our daughter and am a civil servant. He is now unemployed, with little chance of employment in the future. He's living with his girlfriend and their child in her house.
He has multiple unpaid loans etc and contributes nothing towards our mortgage. He is anxious to get off the mortgage and deed etc, I am also anxious to get him off it.
So my question is, could he go down the personal involvency route? if so, how would affect our mortgage? As it stands the mortgage is on interest only as I can't afford the whole lot on my own and obvioulsy this is not a long term solution so is personal insolvancy the answer?