J
Ok :-( Bummer broke heart plus broken bank balance!
I believe we could cover the mortgage with lodgers which is essentially what she will be doing. Is there anyway I could legally get back everything I put in and make them sell up in a few years or anything like that?
Yeah I mean I am leaning toward doing that but it was just the that I felt like I agreed to do all this when I wasnt thinking straight. And what if i wanted to put in a bid for the taking over the mortgage from her? Is that depending on whether she is willing to accept that offer? Or is it up to who the back thinks is in a better position?
And what are the tax implicaions?
Extension was built before we moved in .
Should I have been informed of settlement figure and value of house etc?
As far as i know here father who works part time has gone gaurentor and put up a life insurance policy and maybe his house .
i actually make slighty more then her at this stage and my father works full time , does that give me an edge at all?
You are considering taking over the mortgage on a negative equity house.
WHY??????????
Cause i put so much effort in to it and it wont be negative for ever?
Seriously it broke my heart so much leaving that place.
Plus all she has to do is meet d next sucker and bish bosh they have a gaf , why can't I have that option?
Cause i put so much effort in to it and it wont be negative for ever?
Seriously it broke my heart so much leaving that place.
Plus all she has to do is meet d next sucker and bish bosh they have a gaf , why can't I have that option?
Ok - off with the rose tinted specs here.
It may not be negative forever, but it probably will be for a long time and you are getting a chance to make a fresh start and lose existing debt plus get back money you put in.
The next sucker will have a gaf bish bosh and take on the negative equity of that so he truly will be a sucker.
Edited to add - sorry for your troubles btw, but you need to think of the future, if you stay in this mortgage, then meet a nice girl down the road who you want to marry and buy a house with - you may not be able to get another mortgage if the current one is still on a property in negative equity.
You can. You can buy your own gaff on the open market for less than you will spend buying her out of this one, given that it is in negative equity.Plus all she has to do is meet d next sucker and bish bosh they have a gaf , why can't I have that option?
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