I am living in the house with our 3 children. My ex partner (separated 2007) is now living with his gf and new baby. She has income so is supporting him. My ex has no income now, not even jobseekers. He has been unemployed since 2010 and as an alcoholic has little chance of work in the near future. He also happens to be 50,000 in debt.
The house has a 177,000 mortgage. It has been valued at 240,000. The interest only mortgage is being paid by IS at the moment as I am not yet working.
My solicitor says I need to sell ASAP in order to get my share of the equity in the house ie. (if the house sells at valued price!) £30,000. She says it is urgent because he is in so much debt he could go bancrupt.
My questions are: would it really be legal for his creditors to force me and the children out and force a quick sale?
I am looking madly for a job because I have been told that I have no chance of a mortgage without one ie. tax credits etc. Even then I could not afford to buy my ex out (£30,000) as I would have to earn at least 40,000. I have just graduated and don't think an arts graduate can earn that after years of museum and gallery and tour guide jobs. I wish! (I want to train to teach next year)
Should I just accept that I can't afford to stay here and get the money out while I can or is there any other alternative?