Mortgage cross-question, refusal equity?Relationship split.?
I split up with my ex in October ultimate year, we had a property together that had both of our name on the mortgage. At the time I wanted to sell but my ex didn't want to due to house prices have fallen in our nouns, I then wanted to pilfer on the property myself, but he decided he wanted it, and I couldn't be bothered to argue so agreed.
He stated to me that his Dad be going to give him 50k to pay sour some of the mortgage so he could afford the rest himself, but his Dad wanted lb3000 from me as the property was surrounded by negative equity.
At the point I was told this I never really hidden why I should give him money, especially as I got lumbered next to a credit card bill from the split that paid towards my ex's car.
Anyway I kept asking but be told we would sort the money side of things out after my name was removed from the mortgage. Now it have been removed and I have a note comfirming that I have no liability to the property or mortgage. I have received a missive from my ex and his Dad asking for lb2500 (he's let me off lb500, nice...) to cover some of the denial equity.
Can anyone offer me any advice of where on earth I stand with this? Do I have to present him the money? Am I liable for any negative equity if he hasn't actually sold the property? He could get rid of it in 3 years time and make a profit....
I own discussed the situation at length with my family and friends and they are adjectives of the opnion I shouldn't give him a penny, however I know they may be slightly biased in their view as they have my best interests at heart.
I am very confused something like the whole thing, and I own had to move back into my parents whilst his have still remained in the property, and I still owe him money?! I can't get my director round it, help please....
Sarah
Answers:
You really should obtain a solicitor / financial adviser to look into this and all of the documents, I don't suppose they could have taken your name sour these documents without your presence.
You could be entitled legally to profoundly more here, so sort it out! and give them nothing!
Although the laws surrounded by the UK are different than they are in the US, the general rule of thumb is no, you are are not liable. If near is no court order, if there are no signed agreements, and/or if the property have not been sold, you have no liability.
You don't say when you stopped paying your share of the mortgage. Legally you verbs to be liable until the debt is repaid, not when you leave the property.
I find it very curious that your ex was able to gain you off the mortgage and house deed unless in attendance was a refinancing. I would get a solicitor to look at the documents you be sent. Something does not sound right here. You could be living with the consequences for various years to come if you make a mistake.
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He stated to me that his Dad be going to give him 50k to pay sour some of the mortgage so he could afford the rest himself, but his Dad wanted lb3000 from me as the property was surrounded by negative equity.
At the point I was told this I never really hidden why I should give him money, especially as I got lumbered next to a credit card bill from the split that paid towards my ex's car.
Anyway I kept asking but be told we would sort the money side of things out after my name was removed from the mortgage. Now it have been removed and I have a note comfirming that I have no liability to the property or mortgage. I have received a missive from my ex and his Dad asking for lb2500 (he's let me off lb500, nice...) to cover some of the denial equity.
Can anyone offer me any advice of where on earth I stand with this? Do I have to present him the money? Am I liable for any negative equity if he hasn't actually sold the property? He could get rid of it in 3 years time and make a profit....
I own discussed the situation at length with my family and friends and they are adjectives of the opnion I shouldn't give him a penny, however I know they may be slightly biased in their view as they have my best interests at heart.
I am very confused something like the whole thing, and I own had to move back into my parents whilst his have still remained in the property, and I still owe him money?! I can't get my director round it, help please....
Sarah
Answers:
You really should obtain a solicitor / financial adviser to look into this and all of the documents, I don't suppose they could have taken your name sour these documents without your presence.
You could be entitled legally to profoundly more here, so sort it out! and give them nothing!
Although the laws surrounded by the UK are different than they are in the US, the general rule of thumb is no, you are are not liable. If near is no court order, if there are no signed agreements, and/or if the property have not been sold, you have no liability.
You don't say when you stopped paying your share of the mortgage. Legally you verbs to be liable until the debt is repaid, not when you leave the property.
I find it very curious that your ex was able to gain you off the mortgage and house deed unless in attendance was a refinancing. I would get a solicitor to look at the documents you be sent. Something does not sound right here. You could be living with the consequences for various years to come if you make a mistake.
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