Hi all
New to this so hopefully i'm in the right place!
I know there's lots of people here with the same problem and i am aware that the general feeling is there can be nothing done about it but sure here goes anyway.
I bought a house with my ex in 2008. Its currently in approx €100k negative equity. We split up in 2010 and i'm living in the house with our daughter and paying the mortgage. However, I can't afford the mortgage anymore as, along with the usual pay cuts etc I'm not receiving much maintenance. Anyway, I'm on interest only at the minute until august so need a long term plan by then. Ideally, I'd like him off the mortgage along with his half of the negative equity. I have not approached the bank about his yet.
As the bank are aware, he is not working, nor is he contributing to the mortgage, nor is he able to. In fact on a few occasions he's taken the mortgage payment out of the current account before the direct debit had a chance to kick in, leaving the mortgage in arrears (approx €2k). Current account has now been changed.
So, my question here is, is there any provision within the personal insolvency bill to allow me to apply for him to be made insolvent (he has loads of other unpaid debts) so the bank might take him and his negative equity off the mortgage. Or, has anyone any other suggestions as to how I might achieve this goal!
New to this so hopefully i'm in the right place!
I know there's lots of people here with the same problem and i am aware that the general feeling is there can be nothing done about it but sure here goes anyway.
I bought a house with my ex in 2008. Its currently in approx €100k negative equity. We split up in 2010 and i'm living in the house with our daughter and paying the mortgage. However, I can't afford the mortgage anymore as, along with the usual pay cuts etc I'm not receiving much maintenance. Anyway, I'm on interest only at the minute until august so need a long term plan by then. Ideally, I'd like him off the mortgage along with his half of the negative equity. I have not approached the bank about his yet.
As the bank are aware, he is not working, nor is he contributing to the mortgage, nor is he able to. In fact on a few occasions he's taken the mortgage payment out of the current account before the direct debit had a chance to kick in, leaving the mortgage in arrears (approx €2k). Current account has now been changed.
So, my question here is, is there any provision within the personal insolvency bill to allow me to apply for him to be made insolvent (he has loads of other unpaid debts) so the bank might take him and his negative equity off the mortgage. Or, has anyone any other suggestions as to how I might achieve this goal!