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Angua · 05-01-2011, 21:14

Maggy's suggestion is the best to consider.

The most important thing to do is pay the mortgage if you can, as this will keep things in your control. The mortgage lenders will help you stay where you are, as they would rather have regular payments than a property to sell with all the bad publicity it brings.

If as you suspect he has other debts, these will be his sole responsibility. As far as these are concerned the companies involved may well refer the debts to a collection agency who may apply for a CCJ. Once this has been done if payments are not acceptable or not regularly made they may ask for a "charging order" against his share of the property. This would only come into effect once the property is sold.

Provided the mortgage is paid they cannot force you to sell, as these debts are not secured against the property.

05-01-2011, 21:14	#44
Angua Inactive Join Date: Apr 2005 Location: Expanding Town with crap roads Age: 66 Services: ? BB, basic phone. Share of Disney+ Posts: 7,674	Re: Need some housing advice. Maggy's suggestion is the best to consider. The most important thing to do is pay the mortgage if you can, as this will keep things in your control. The mortgage lenders will help you stay where you are, as they would rather have regular payments than a property to sell with all the bad publicity it brings. If as you suspect he has other debts, these will be his sole responsibility. As far as these are concerned the companies involved may well refer the debts to a collection agency who may apply for a CCJ. Once this has been done if payments are not acceptable or not regularly made they may ask for a "charging order" against his share of the property. This would only come into effect once the property is sold. Provided the mortgage is paid they cannot force you to sell, as these debts are not secured against the property.