Why would you want to add your new partner to the house or mortgage?
Your house and mortgage is a liability and will probably be so for some time. You and your ex jointly owe the shortfall. He should be contributing to the mortgage repayment to get rid of the shortfall.
Leave your new partner out of this mess, at least, until the negative equity has been eliminated either through repayments or capital appreciation.
What agreement have you reached with your ex? He owns half of the house. If you pay off the mortgage, he can come along and reclaim his half of the house unless you sort it out now. He should pay €75k to be released from his liabilities.
Fair enough, but in practise this is not going to happen. The Bank would need to agree to his name being added to the title deeds and the existing co-owner would also need to agree and co-operate.My new partner wishes to be added after we're married regardless of how much neg equity. He doesnt want to be contributing to a mortgage if he has no right or name on the property.
In theory you can take a personal action against him. However, such a strategy would be expensive and unlikely to give you the desired outcome. The bank have no interest in him if they are getting their repayments. It's not a nice position to be in, but there's no easy outcome.Even if we dont go down that route, how can I make my ex contribute to the mortgage repayments or pay to be released from liabilities? If he doesnt pay his half im just as liable.
The bank have no interest in him if they are getting their repayments.
He refuses to acknowlege or engage with me about the house or sign anything, meanwhile im paying for it all including paying down his share of the shortfall!
My new partner wishes to be added after we're married regardless of how much neg equity. He doesnt want to be contributing to a mortgage if he has no right or name on the property.
!
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?