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Original poster

Unknown overdraft

43 replies

Mortgageoverdraft · 12/02/2025 13:44

I'm shaking. I'm putting papers away and realised my husband of over 25 years has a massive overdraft going back years.
I didn't question it before as it appeared regularly on our bank statements and I was looking for unusual activity.
He doesn't like it when I start talking about saving more now that our children are older.
He's spending it on something I don't know about, isn't he.
The papers say it's secured on our home. I had no idea.

OP posts:
Original poster
Mortgageoverdraft · 12/02/2025 14:21

I don't know if he's using the reserve or not.
Moneys coming out every month and paid into it. The money hasn't been spent on the house or anything like a car. It doesn't make sense to me. I wonder if he's a secret gambler.

OP posts:
TheBossOfMe · 12/02/2025 14:16

And is he actually into the reserve by £20k or is that just the facility he has access to.

Mortgage reserves weren't that unusual at all 20 years ago. I had one that I used for renovations - it was a cheap way to fund the cost.

TheBossOfMe · 12/02/2025 14:14

Mortgage reserve is an overdraft facility secured against equity in your home - it's effectively like a mortgage extension that gives you access to cash. Providing he is paying the mortgage payments, you wouldn't lose your home, he just has to be able to repay the reserve balance at the end of the mortgage term.

Original poster
Mortgageoverdraft · 12/02/2025 14:05

Says mortgage reserve it's over 20,000

OP posts:
Changingplace · 12/02/2025 13:57

Mortgageoverdraft · 12/02/2025 13:55

I've lived here for over 20 years.
We've been married for 25.
I feel sick. I can't lose my home.

Why would you lose your home? How is an overdraft secured against the house, I’ve never heard of this before, if it’s a few thousand and all your mortgage payments are up to date I don’t know what you’re panicking about?

Is this his personal account or a joint account?

Changingplace · 12/02/2025 13:55

toomuchfaff · 12/02/2025 13:53

bigger problems than his overdraft. You've no rights on the house, if you were to split etc However on the plus side, if it's his house, it's his debt.

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If OP is in the UK that’s absolutely not true whatsoever if they’re married.

Original poster
Mortgageoverdraft · 12/02/2025 13:55

I've lived here for over 20 years.
We've been married for 25.
I feel sick. I can't lose my home.

OP posts:
Original poster
Mortgageoverdraft · 12/02/2025 13:53

If he's crap with money, I think he should tell me. We have to plan for our old age.
I can't save if there's a debt.

OP posts:
BooomShakeTheRoom · 12/02/2025 13:53

Why isn’t the home in your name too? What happens to you if you split, financially?

toomuchfaff · 12/02/2025 13:53

Mortgageoverdraft · 12/02/2025 13:51

Mortgage only in his name.
A good few thousand.
I knew something was off, lack of eye contact and closeness.
He works from home after Covid, so not another woman cos he's at home loads.

bigger problems than his overdraft. You've no rights on the house, if you were to split etc However on the plus side, if it's his house, it's his debt.

Original poster
Mortgageoverdraft · 12/02/2025 13:52

I'm going to keep looking. He tried to put me off organising the filing cabinet, now I know why.

OP posts:
Miratea · 12/02/2025 13:52

I’ve gone into my over draft by being silly and buying loads of crap
im bad at managing my money.
I don’t do gambling or drugs. Is there a chance he is also crap with money

Original poster
Mortgageoverdraft · 12/02/2025 13:51

Mortgage only in his name.
A good few thousand.
I knew something was off, lack of eye contact and closeness.
He works from home after Covid, so not another woman cos he's at home loads.

OP posts:
toomuchfaff · 12/02/2025 13:51

Maray1967 · 12/02/2025 13:49

I know a woman whose DH forged her signature on a remortgage to pay off his debts and tried to hide it. She was devastated.

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in that case she can prosecute as that's fraud. She wouldn't be liable, he would have to be prosecuted.

toomuchfaff · 12/02/2025 13:50

Is the home in both your names? If so then the overdraft can't be against the home without your knowledge, unless he's fraudulently signed your name.

If the home isnt in your name, you have bigger problems.

Dig deeper.

Maray1967 · 12/02/2025 13:49

UbiquitousObjects · 12/02/2025 13:48

A personal overdraft secured on your house? That's fairly unusual. How much is it and what's the balance vs limit?

I know a woman whose DH forged her signature on a remortgage to pay off his debts and tried to hide it. She was devastated.

UbiquitousObjects · 12/02/2025 13:48

A personal overdraft secured on your house? That's fairly unusual. How much is it and what's the balance vs limit?

AlmostAJillSandwich · 12/02/2025 13:48

Is the house in both names? If so, has he forged your signature to get it secured against the house?

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