Repossession

Posted on 30 August 2012 by Amy


Hi I bought a house with my ex in dec 06 in dec 07. I Left have never paid a penny towards the house I have just found out he had the house repossessed and there is money out standing do I have to pay towards it?

Amy

My understanding is that as a joint borrower you are responsible for any loss made by the lender on repossession.  If the property was purchased in your ex' sole name and you were not party to the mortgage then I do not think you have any liability.

I have asked our in house solicitors, Rollingsons to contact you direct to let you know where you stand from a legal point of view and you will hear from them shortly.

Peter

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