Unfortunately, the OP is 100% liable (but not due to residence as indicated by her solicitor). Her ex is also 100% liable but the way joint mortgages work is that each party is liable for 100% of the debt. And as Bronte points out, the bank will take the path of least resistance in picking who to pursue for the debt.It is not true that you are 100% liable for the mortgage.
I was told by my solicitor my bank manager that I am 100 percent liable for the mortgage because I reside at the residence. He is not willing to pay towards the mortgage because he is living with a new woman and her kids and priorities have changed unfortunately. I have mentioned it to EBS but was told that's my affairs and they have not chased him up about his half of the loan.
I did speak to head office in Dublin about Mortgage to rent and they said that option doesn't apply to me, my local branch manger said they have offered nothing but interest only to customers since last xmas as far as he is aware.
The bank will fill out the MIS no problem it's just that the social welfare want a signed agreement once you have entered the MARP process instead of this and have told me my estranged husband is entitled to half the MIS so I will only get half and he gets nothing because he doesn't live here. I just feel like all doors are slammed in my face wherever I turn.I had never missed a month on my mortgage in the last 12 years and now they won't even give me options.
Unfortunately, the OP is 100% liable (but not due to residence as indicated by her solicitor). Her ex is also 100% liable but the way joint mortgages work is that each party is liable for 100% of the debt. .
...If my end result is that I will definitely lose the house should I stop paying the mortgage (well the 400 euro a month) and save it up for a deposit for new rental house and a few months rent in advance for when the inevitable happens. What's your opinion ?
well how else are you going to get a deposit and one month's rent up front?
What's your opinion ?
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