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I hope someone may have some pearls of wisdom here :-)
My partner has been divorced for a couple of years and the finances and the house was not properly sorted out. He had a very bad family law solicitor.
He and his ex wife were together for 28 years. She committed adultery. She left him with all the debts (making sure they were in his name) and did not work for the previous 6 years before she left him. She did not contribute to the mortgage or the bills then and prior to that, he was always the main breadwinner. Her work was sporadic, as were her contributions. They received ppi money and she made sure any debts in her name were paid off before she left with this ppi money. She also took a hefty amount of money from their joint account to pay for her rent and deposit on rented accommodation
They remortgaged the property twice. They are joint legal owners.
She very quickly moved in with the new man.
She wants her name off the mortgage. My partner can't afford to buy her out or remortgage the property because it will double in price.
She wants another property, that's why she wants her name off the mortgage.
My partner has paid the mortgage even since she left, over three years ago, like he did before and resides in the property and I live with him.
He has worked all his life and now has nothing to show for it. He did place the property on the market, as her solicitor demanded that he did, but there was no interest. (He will never be able to have a property now, only rented due to what's happened). He reduced the price of the property as well at her solicitors request, and still no interest. After that, it would slip into negative equity. So he removed the property from the market.
And now her solicitor is back with renewed vigour, demanding he put 'the effort' in and place the property back on the market, show that he has done so and that she wants to go to court if he doesn't to force the sale of the house and have a share in his pensions.
It is an awful situation. I thought that if the house went into negative equity, she would also be jointly liable. I think that is correct?
He knows the house won't sell until at least the spring if he is lucky.
A solicitor friend told me that if he went to court and called her bluff, it could cost him about £10-15000!
It all seems incredibly unfair.
Any advice would be gratefully received.
My partner has been divorced for a couple of years and the finances and the house was not properly sorted out. He had a very bad family law solicitor.
He and his ex wife were together for 28 years. She committed adultery. She left him with all the debts (making sure they were in his name) and did not work for the previous 6 years before she left him. She did not contribute to the mortgage or the bills then and prior to that, he was always the main breadwinner. Her work was sporadic, as were her contributions. They received ppi money and she made sure any debts in her name were paid off before she left with this ppi money. She also took a hefty amount of money from their joint account to pay for her rent and deposit on rented accommodation
They remortgaged the property twice. They are joint legal owners.
She very quickly moved in with the new man.
She wants her name off the mortgage. My partner can't afford to buy her out or remortgage the property because it will double in price.
She wants another property, that's why she wants her name off the mortgage.
My partner has paid the mortgage even since she left, over three years ago, like he did before and resides in the property and I live with him.
He has worked all his life and now has nothing to show for it. He did place the property on the market, as her solicitor demanded that he did, but there was no interest. (He will never be able to have a property now, only rented due to what's happened). He reduced the price of the property as well at her solicitors request, and still no interest. After that, it would slip into negative equity. So he removed the property from the market.
And now her solicitor is back with renewed vigour, demanding he put 'the effort' in and place the property back on the market, show that he has done so and that she wants to go to court if he doesn't to force the sale of the house and have a share in his pensions.
It is an awful situation. I thought that if the house went into negative equity, she would also be jointly liable. I think that is correct?
He knows the house won't sell until at least the spring if he is lucky.
A solicitor friend told me that if he went to court and called her bluff, it could cost him about £10-15000!
It all seems incredibly unfair.
Any advice would be gratefully received.
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