Need help

[Anonjd3]

Looking for advice. My partner and i bought our home 18months ago. Unfortunately due to circumstances we are splitting. He's keeping the house for the time being, I'll stay on the mortgage and I will help pay towards it as our son will be living with him most of the time. according to affordability calculators they would say he could afford to take it on alone anyway so no point taking my name off. We fixed for 5years.

We bought the house for £220,000. Looks as though we could sell for £235,000. We borrowed £208,000. So at the end of our term in 2027 if we sell for let's say £245,000 (total guess) Do we just pay the bank back the 208,000 that we borrowed, more due to interest or less as we would have been paying some off over the 5year term?

We're both worried and confused. We weren't planning to sell. Let alone this soon, I'd be grateful for any advice.

I only work part time 12-20hrs PW depending on overtime and juggling around childcare. If I leave I couldn't afford a bedsit let alone a place to live I earn less than £1000 per month. Would I be entitled to any benefits? Even though my name in on a mortgage as a homeowner? I don't even have anywhere to go! I'm sofa surfing at family and friends until I get something sorted but freaking out. Working more isn't an option, even though my son's staying home with my partner I'll be there all day looking after him until my partner gets home around 10pm then I'll leave. Even if I work 9-2 Mon to Friday whilst my son's at school it's only 25hours! Plus it's impossible to find a job with those hours I've been looking for years 🙁

You’ll have an annual mortgage statement which will tell you what you owe the bank to clear - that may include any redemption fees if you were to pay off early
if you only recently purchased ( ie 18 mths) and do continue to pay it fior the fixed period you will have paid off some capital but this is likely to be small as early on most of the money paid is actually just interest

m why can’t you work full time? You’ll most likely need to. Especially as you mention your don will stay with dad most of time

look on entitled to to see what help you might receive

you said working more isn’t an option - why? You need to

Oh and cms is based on nights - so leaving him there means you get no cms but seems you’re still doing majority of care and impacting your ability to work - you’re going to need a major rethink on think imo

Because she said she was looking after her son after school.

But that’s not a valid reason
ii oh ve always worked full time
use nursery/asc/ childminders etc

You can claim UC but not housing element as your on a mortgage

Full time work isn't an option as I stated I have to do the school runs my partner works until 10.30pm 5/6 days a week. He knows this isn't fair on me as I don't have the chance to earn an income and he will start looking for something else soon but at the moment bills that need paying are a priority 🤷🏼‍♀️

I'd be worse off using childminders and paying for child care its expensive more than my hourly wage. My son is 7 years old. Having strangers look after him everyday while his parents are seperating is probably not the best idea during this time.

Im sorry but you are choosing to only work part time, it’s not because you cant

childminders and asc are not some firm of torture- usually they are actually fun with friends and have a lot of great things to do. It’s your mindset not his that is closed

and being able to provide financially for your child is also part of the stability.

You don't need to pay towards the mortgage when you are not living there.
You are jointly and severally liable. He pays his 'part' as he is living there and your 'part' as rent as you aren't benefiting from living there.
If your ds is living with your ex, do you have to pay maintenance? Or is the mortgage payment in lieu of this?
I don't quite understand why your ds is living with his dad but you have to look after him and lose your ability to earn a ft wage? Why is your ds not living with you and then you can receive maintenance?

Working 12 hours is a bit of a piss take when your child is at school 30 hours per week. You are not obligated to pay towards the mortgage now you are no longer living there. And in any event since your ex technically has full custody as it's his home he sleeps at every night then it's for him to arrange and pay for before and after school childcare not you

You need to work full time and sort yourself out financially and find your own home - surely you want to do that so you can then have your son live equally with you? Or do you not so this arrangement suits you??