Long title sorry! I am confused and after a bit of advice because this just seems wrong. Divorced last year, I had moved out of the jointlyowned house with DC. Ex still lives there. As part of the court order he took over the mortgage payments.
House is to be sold, mortgage paid off and remaining balance split between us. However, since the court date, it looks like regular payments have stopped. Initially when I queried this I was told there was a credit on the account due to some sort of overpayments on fixed rate mortgage.
As ex was out of work at the time, I assumed it was some sort of mortgage holiday, credit to be used to make monthly payments.
However, I have just got the annual summary of the mortgage. Payments haven't been made, apparently there is still a credit balance, but the overall debt has also risen by a few £1000.
I am worried that this will mean that there is less money to be divided between us when the property eventually sells, because the mortgage will be taking a larger part of the proceeds.
The mortgage company haven't been able to explain why the balance is increasing but have told me there has been no advance made against the mortgage etc.
Is there any way that I can prevent the debt increasing further. Basically at the moment it feels like ex has stopped payments (possibly around a credit I knew nothing about but which must have accumulated while we were together/cohabiting as no lump sum has been paid in). But if the final sum after sale is reduced, it also feels like I am paying for him to be living there, while he lives there basically rent free. I didn't necessarily expect the mortgage to decrease given he was not working, but never thought it would increase!
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Ex took on mortgage after divorce, now not paying it, my name still on, and debt increasing.....?
12 replies
abitpuzzled · 19/04/2013 11:39
OP posts:
babybarrister ·
19/04/2013 20:32
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babybarrister ·
19/04/2013 21:12
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