Legal Question in Credit and Debt Law in United Kingdom
hi im having problems with my x i am living in the property that we bought and i have 2 kids with him that live with me i am currently paying all the debts but finding it very hard. when we first split up he said i pay the mortgage and he pay the loan secured on the property he failed to do is so because i live in the property with his children i had to take it on or lose the house my hours have been cut at work and i can no longer keep up payment is there any way i could get round this to make him pay at least his half of it. i can aford the mortgage and half of the loan but i can no longer aford it all
1 Answer from Attorneys
The situation is quite unsatisfactory in you paying all of this charge. It is a jointly owned property and on sale you will only be entitled to half the equity notwithstanding paying more of the borrowing secured on the property. Hard decisions are needed which must involve either acquiring his interest in the property or selling.
If further help is needed you should please let us know.
Andrew Dutton
www.legal-zone.co.uk
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