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Original poster

buying a house with your ex

4 replies

ADisasterWaitingToHappen · 27/10/2011 19:35

My estranged husband has suggested this today - that we consider buying a house together (not with any view to getting back together) as a long term investment and instead of him paying maintenance which I then use to pay rent to a private landlord, we would be making mortgage repayments to the bank. Kids and I would live in the house and he would live 300 miles away.

Sounds crazy but oddly tempting. We have only been separated for 6 months and get on better as friends than as partners. Anyone been here or is the whole idea too ridiculous to even consider?

OP posts:
ScaryFairy28 · 27/10/2011 21:36

Sounds sensible but maybe need some sort of a contract drawn up.

WibblyBibble · 28/10/2011 16:53

My ex offered to do this (as he is a rich bastard), but I'm on housing benefit at the moment so don't think I can as I think it would be illegal. He wanted to try anyway, but he's a dodgy rich bastard :P TBH I feel it's kind of a way of getting out of maintenance payments but also may be just easier than trying to buy somewhere on your income alone, so I'd think about it if I were you.

chubbasmum · 28/10/2011 20:29

i agree with WibblyBibble it does sound like a way of getting out of paying the maintenance my ex offered me that as well glad i didnt because him and his new wife have recently filled for bankruptcy and they would have taken me with them,

Gonzo33 · 29/10/2011 06:50

Whilst it may sound tempting currently, you have to think of the future. Not saying this will ever be the case but what if you met someone else and wanted to marry and live with them? What would happen to the house then? What about if your exh met someone and married them? Either you or he would then be in a position of trying to find somewhere to live (maybe another mortgage) yet still be tied to each other and financially indebted together.

What happens if he got made redundant and couldn't pay the mortgage anymore?

There are so many variables that whilst it may be a good idea it will either be one of those deals where it has to be a living agreement where it will have to move with the times.

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