Separation

Posted on 12 March 2012 by grahame


Me and my wife got a joint mortage and my wife wants a separation does she have to pay half of the mortgage?

Grahame

If you have a joint mortgage then you both have a responsibility to make sure the whole mortgage payment is made every month.  How this is paid and who pays what proportion is down to you and your wife, as far as your lender is concerned they can pursue both of you either jointly or individually for the whole payment plus any costs or should it come to it, legal fees and any loss made when the property is sold in possession.

I recommend that you both seek independent legal advice and I have passed you question and my response to our in house Solicitors, Rollingsons so that they can contact you direct.

Peter

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