Joint Mortgage in Negative Equity

Posted on 4 February 2011 by Jules

I have a joint mortgage with my ex partner, they moved to Oz in November and since then have stopped paying their half of the mortgage. There was a personal loan attached to the house for £6k which I have had to clear and the house is on the market, but there is negative equity. So not only am I £6k out of pocket, but will lose another £6k when it sells. I am struggling to meet the payments just now, but have to keep paying it as I want to buy somewhere myself when it sells, is there anything I can do?


You have done the best thing by making sure your mortgage payments are met and need to continue to do this. If you haven't contacted your Lender to explain the situation then you should, they may be able to find a way of helping you without adversely affecting your credit record.

As far as getting recompense from your ex partner I think you will find this difficult, especially as they have moved to Australia but I recommend that you speak to your Solicitor to find if there is any legal remedy for you.


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