Hi,
I am desperate for some help.
I still own a house and a joint loan with an ex partner from years ago. The mortgage company wont allow either of us to take the mortgage on ourselves to split our finances.
It has taken me years to even get her to agree to put the house on the market. Its a long shot as we are in negative equity so it is over priced. She refuses to agree for me to repaint it etc to present it well to potential buyers.
We have tried offering a variety of ways to split the finances as much as we can but she refuses, whilst still saying she wants to split them and for me to take on the house and pay her money to do so!
A couple of years ago I took out an IVA to deal with my debts and have been sensibly paying these off whilst trying to also save for the negative equity. She told us she hadnt saved at all.
then this year she suddenly says she has £10,000 and wants to make sure I also have the same so we can sell and pay the negative. I cant get anywhere near that much. I have offered the alternative of us selling, her paying the netative with her savings and I take on the loan to make the slipt equal but she refuses.
she is now threatening that she will go bankrupt and says I will then become liable for the loan and mortgage repayments. Is this true?
I am confused how she can go bankrupt if she has an income and says she has savings?
I'm at the end of my tether with her as she wont consider any sensible options and I cant see how to split our finances otherwise. I feel like Im going to be stuck with her in our lives forever (she also sends emails with lots of put downs/judgements on my wife etc which adds to the stress).
Any ideas what we can do?
Any information about what would happen if she did go bankrupt?
Id really appreciate any comments
thanks
I am desperate for some help.
I still own a house and a joint loan with an ex partner from years ago. The mortgage company wont allow either of us to take the mortgage on ourselves to split our finances.
It has taken me years to even get her to agree to put the house on the market. Its a long shot as we are in negative equity so it is over priced. She refuses to agree for me to repaint it etc to present it well to potential buyers.
We have tried offering a variety of ways to split the finances as much as we can but she refuses, whilst still saying she wants to split them and for me to take on the house and pay her money to do so!
A couple of years ago I took out an IVA to deal with my debts and have been sensibly paying these off whilst trying to also save for the negative equity. She told us she hadnt saved at all.
then this year she suddenly says she has £10,000 and wants to make sure I also have the same so we can sell and pay the negative. I cant get anywhere near that much. I have offered the alternative of us selling, her paying the netative with her savings and I take on the loan to make the slipt equal but she refuses.
she is now threatening that she will go bankrupt and says I will then become liable for the loan and mortgage repayments. Is this true?
I am confused how she can go bankrupt if she has an income and says she has savings?
I'm at the end of my tether with her as she wont consider any sensible options and I cant see how to split our finances otherwise. I feel like Im going to be stuck with her in our lives forever (she also sends emails with lots of put downs/judgements on my wife etc which adds to the stress).
Any ideas what we can do?
Any information about what would happen if she did go bankrupt?
Id really appreciate any comments
thanks