We have mortgage in both names and a secured loan in both names, who should pay?

Posted on 20 June 2013 by Elaine


My ex-partner kicks me and daughter out of our home. We have mortgage in both names and a secured loan in both names who should pay?

Elaine,

All joint loans are held as "jointly and severally responsible", which means that as far as the lenders are concerned both your ex-partner and yourself are equally liable for the mortgage payment. 

You do need to tell the lender what has happened and keep them fully informed of your changes in circumstances. I would also recommend that you take legal advice, to qualify your exact position, and to make sure that your ex's actions don't damage your credit profile.

Regards,

Simon

simon.collins@johncharcol.co.uk

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