This is an absolute mess. Something that will break you financially but you should make sure not to stress over it. What's done is done.
Personally I would just stop paying the mortgage. You will get a good few years in your house for free. With the political and banking situation you might stay in your house for ten years before being forced out.
I would make sure your mess becomes her mess though.
This is an absolute mess. Something that will break you financially but you should make sure not to stress over it. What's done is done.
Personally I would just stop paying the mortgage. You will get a good few years in your house for free. With the political and banking situation you might stay in your house for ten years before being forced out.
I would make sure your mess becomes her mess though.
Did your solicitor get you to sign a co-habitation agreement when you bought? That may clarify your options if you did
QUOTE]
Who needs co-habitation agreements when your in love?
No didn't have one. I know it was stupid, but I'd be a lot wiser in the future.
Maynooth - Im pretty sure that with a recourse mortgage, as Irish mortgages generally are, I would lose the property, all my savings, and my credit history & any future chance of getting a mortgage if I stop paying.
Mpsox - I'm going to investigate further into your suggestion. This would be my best case I think.
If and this is a big if the loan to pay the balance was completely split in two & even if she never paid a penny of it, it would have no effect on me.
I just need to convince ex this is the way forward. I also need to convince a bank that she's good for it.
My concern is that they'll look at the current situation - loan being paid all is dandy , and not want to risk her defaulting on a seperate loan.
Now I'm regretting being so candid with the bank.
I dont suppose you remember which paper this article was in?
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