Husband still paying mortgage..help please

(4 Posts)
Dockydooda Sat 30-Jul-16 10:24:58

Hi all my husband left me in April he's renting a flat for 750 per mth,our mortgage is 650,I've been a stay at home mum to a 7&10 year old so at the mo I'm financially dependent on him for everything though I now receive child tax credit and child benefit.has anyone been in same situation as me if I sold house the equity would prob be 80000 ish but would last long on rent and it wouldn't buy a flat,it would be big lump sum but I wouldn't be able to get mortgage.im looking for a job I want to be independent,him paying mortgage means I'm linked to him for longer,any opinions gratefully received thankyou all,with the shock it's difficult x

middleeasternpromise Sat 30-Jul-16 11:36:38

You need to get legal advice, but in your situation staying put is the best advice and don't worry about hubby paying mortgage for now. You need financial settlement as part of your divorce so don't cut deals ahead of that. If your mortgage is still lower than market rents you and he would be mad to let that situation go for the sake of your children and financial well being. Eventually if you get work you can change the mortgage over you to but only if the house is transferring into your name solely.

Dockydooda Sat 30-Jul-16 12:06:45

Thankyou so much ' middleeasternpromise' - much appreciated!- yes rents are around £1000 for 1 bed flats where I live....
I will find a job I'm sure though browsing recently I'm shocked to see even manager jobs on minimum wage so not sure as to when I would earn enough to be allowed to take mortgage over.my skills are in childcare so I may be able to find a job in a school which will suit me and the children.luckily I'm good with money and have no debts I will definitely seek advice,thankyou once again

annteresa Sun 31-Jul-16 00:51:43

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