Hi
Ive a joint mortgage with my ex for €316k since 2007 - house now worth €150k.
He moved out after 1.5yrs and ive been paying mortgage solely ever since (Last 2.5yrs) as on a good tracker rate, we've a young child and we wudnt have been able to sell due to Neg Eq. I earn €35k a year and rent a room for €350 a month and have no arrears on the mortgage.
Am i doing the right thing upkeeping repayments myself even tho ex's name on mortgage, thus avoiding bad credit and keeping a roof over our heads?
Should I continue paying myself in hope bank will allow me in years to come to remove ex's name? Currently on paper I dont earn enuf to warrant taking on a huge mortgage myself.
I was previously advised that if in future the bank allowed me to transfer to my name that a court could remove his name if he refused to sign it over. I would have to prove he had no interest in house i.e. made no payments to mortgage, bills, home improvements etc - keep receipts and records for all of these (which i have).
I just dont know if im doing the right thing as im literally stuck with the house and he refuses to contribute to repayments. Should I get Legal or Financial Advice??
Thanks - AND please dont tell me what I SHOULD've done - as I did get unhelpful posts like this when I posted a similar thread last year!!
Ive a joint mortgage with my ex for €316k since 2007 - house now worth €150k.
He moved out after 1.5yrs and ive been paying mortgage solely ever since (Last 2.5yrs) as on a good tracker rate, we've a young child and we wudnt have been able to sell due to Neg Eq. I earn €35k a year and rent a room for €350 a month and have no arrears on the mortgage.
Am i doing the right thing upkeeping repayments myself even tho ex's name on mortgage, thus avoiding bad credit and keeping a roof over our heads?
Should I continue paying myself in hope bank will allow me in years to come to remove ex's name? Currently on paper I dont earn enuf to warrant taking on a huge mortgage myself.
I was previously advised that if in future the bank allowed me to transfer to my name that a court could remove his name if he refused to sign it over. I would have to prove he had no interest in house i.e. made no payments to mortgage, bills, home improvements etc - keep receipts and records for all of these (which i have).
I just dont know if im doing the right thing as im literally stuck with the house and he refuses to contribute to repayments. Should I get Legal or Financial Advice??
Thanks - AND please dont tell me what I SHOULD've done - as I did get unhelpful posts like this when I posted a similar thread last year!!