Looking to get some advise in relation to a friend who jointly owns a house but the other joint owner refuse to contribute.
Scenario:
Person A + B Bought a house jointly 7 years ago and jointly lived in the house for 4 years.
3 years ago Person B moved to another part of the country and stopped making any mortgage contribution, forcing Person A to make up the shortfall.
The house is over 100k in negative equity
Person A now pays full mortgage.
Person B is unemployed has no savings and refuses to make any contributions to the mortgage.
Person B cannot afford negative equity shortfall in the event that the house is sold.
Person B, however, is joint owner as per the deeds and still presumably entitled to 50% equity in the house.
Person A, went to solicitor to try get person B to contribute to mortgage, which they can’t /won’t.
Can you give any advise to Person A in this type of scenario? have they any protection?, The solicitors suggestion is to write to person B and demand they make some contribution (which is unlikely).
Scenario:
Person A + B Bought a house jointly 7 years ago and jointly lived in the house for 4 years.
3 years ago Person B moved to another part of the country and stopped making any mortgage contribution, forcing Person A to make up the shortfall.
The house is over 100k in negative equity
Person A now pays full mortgage.
Person B is unemployed has no savings and refuses to make any contributions to the mortgage.
Person B cannot afford negative equity shortfall in the event that the house is sold.
Person B, however, is joint owner as per the deeds and still presumably entitled to 50% equity in the house.
Person A, went to solicitor to try get person B to contribute to mortgage, which they can’t /won’t.
Can you give any advise to Person A in this type of scenario? have they any protection?, The solicitors suggestion is to write to person B and demand they make some contribution (which is unlikely).
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