Do I have to pay half the mortgage, even though I'm not on it?
Posted on 20 November 2012 by Angela
My husband and i are seperated for 11 months we have 2 children aged 6. The children and I currently live in the matrimonial home. The mortgage is in his name only. I have been paying all household bills he is now saying I am liable for half the mortgage. Am I ?
As the mortgage is in your husbands sole name, then you are not liable for half of the payment. If the mortgage was in joint names, then each borrower is "jointly and severally responsible" for the mortgage, which is to say that both of you are equally liable and responsible for the whole of the monthly mortgage payment.
I would suggest that you speak to your solicitor to try and arrange some mediation on this matter. If the long term plan is for you to remain in the property, will that include you taking over the mortgage in your sole name ? If so then it may be worth speaking in more detail to see if this is feasible.
Financial Protection | Investments | Personal and Corporate Pensions |Home Insurance
General Insurance |Valuations | Conveyancing |Wills | Home finders
Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.
We recommend you seek professional advice with regard to any of these topics where appropriate.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
John Charcol is a trading name of John Charcol Limited and its Appointed Representatives. John Charcol Limited is authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 665649. Registered in England No. 9157892. Registered office address for John Charcol Limited is 5th Floor, Cutlers Exchange, 123 Houndsditch, London, EC3A 7BU. The FCA does not regulate some investment mortgage contracts. Calls may be recorded for training and monitoring.