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Joint Mortgage, where do I stand?

76 replies

Purelyfictional · 02/07/2022 13:33

Hi! My situation is a little bit complicated so I'm hoping somebody has some advice for me.

I moved into a new house with my (ex)fiancée 4 weeks ago. We're both women. Getting a mortgage was a bit of a struggle. She paid for the deposit and a substantial sum towards the house using inherited money (her mother died last year). The plan was for her to get a mortgage for the rest (171k) in her name, and I would pay towards our living costs each month.

Unfortunately, my (ex)fiancée has a terrible credit score due to being financially abused in the past. She asked for us to have a joint mortgage, as my credit score is good and this was the only way we could go ahead with getting the house.

I wasn't able to contribute financially because I'm currently earning less than minimum wage as an apprentice, training for a professional career. She fully supported and encouraged this, convincing me that we'd make enough money between us to get by. Once I qualified, we would have much more financial equality and of course we were going to get married anyway.

Everything fell apart 2 weeks ago when she announced that she was leaving me. It's all been very out of the blue.

So where do I stand now? My name is on the mortgage, so this is my house, but I haven't contributed financially. As far as I can tell, I have the right to live here until I can find somewhere else.

I feel it would be morally reprehensible to push for any financial gain from this, but what are my legal rights?

Thank you all in advance. This was meant to be our family/forever home, I'm beyond devastated.

OP posts:
DelphiniumBlue · 04/07/2022 22:37

If the mortgage is jointly in your name, you are ( jointly) responsible for paying it.
So if she doesn't pay it, the mortgage company can come after you for the whole of the mortgage payment. If you don't pay, they can come after her for the whole payment.
You can't just remove your name, your ex will have to satisfy the lender's requirements to take it over herself, which she clearly can't do as she couldn't get a mortgage in the first place. If she can't take it over, then the house will have to be sold to pay off the mortgage, unless you are happy to be liable forever.
Personally I wouldn't agree to move out until she agrees to sell or finds some way raising funds so that you can be released from the mortgage.
As another poster says, you will ind it impossible to rent somewhere, especially on your low income, whilst you are liable for the mortgage.

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