A close friend of mine has just found out his girlfriend has been cheating on him for the last few months. They have only been in their new home a few weeks, they also have a child together.
Advice needed for UK please.
What can he do about the mortgage? Its joint and he cannot afford it on his own. As far as I know, they have signed for 2 years. Will they be penalised for selling up only a month into it?
Any other useful advice or links much appriciated!
Thanks.
2007-02-17 12:15:13 · 14 answers · asked by Anonymous in Family & Relationships ➔ Marriage & Divorce
it's to bad about your friend, he needs to check his mortgage papers or the bank to see if there are penalties for getting out of the mortgage early, usually there is a clause in the paper work telling what happens if anything is done early. he can also check with the Realtor who handled the closing on the sale. generally there are way to handle getting out early. one person can buy out other person,etc.etc. sometimes even turning it back over to the bank. good luck.
2007-02-17 12:34:50 · answer #1 · answered by skip3800 2 · 0⤊ 0⤋
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2015-01-28 13:02:04 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Doubtful they can get out without incurring a penalty. So it looks like either they stay together or sell up and take the hit or one of them gets someone else to move in and pay the mortgage in the absence of the other.
Poor bloke. Poor kid.
2007-02-17 12:21:01 · answer #3 · answered by Moebious 3 · 1⤊ 0⤋
Hi,think the first thing he needs to know if his wife & child want to stay in the house.I f that is the case he needs to get a solicator.If she is leaving him he could take in a lodger.Universities are usually looking for places for foriegn students & the uni pays you so theres no worries about not getting paid.He will be devasestated you will have to be there for him.Good Luck
2007-02-22 06:08:19 · answer #4 · answered by Ollie 7 · 0⤊ 0⤋
sorry to know about your friends situation.
dont think they will be penalised. dont rent it out, if they cannot live together how will they share the rent together.
sell it and get out of the situation and slipt half the money.
go to citizens advice bureau.
all the best
2007-02-23 00:02:47 · answer #5 · answered by bidia 3 · 0⤊ 0⤋
go to who ever gave them the morgage to let them know ,in the meantime take in a lodger to hep with the bills,his partner might want to live there with thier child that is normal ,better seek legal advice
sorry to hear this bad news it happens all the time hope little one is ok
2007-02-17 13:27:11 · answer #6 · answered by susan will of the wisp 4 · 0⤊ 0⤋
If he works and the girlfriend has a child she can stay in the house and he has to pay his share of the morrtgage to keep a roof over her head and will now pay c/support as well? She now claim child allowance from dss
2007-02-23 03:27:44 · answer #7 · answered by Anonymous · 0⤊ 1⤋
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It helped me alot!
2014-09-25 22:52:26 · answer #8 · answered by Kathi 2 · 0⤊ 0⤋
they either stay, rent it or sell and split it all 2 ways, debts and any profits. Probably they need to go to the bank and talk it all through
2007-02-17 12:21:06 · answer #9 · answered by rose_merrick 7 · 0⤊ 1⤋
Take in some lodgers,he might even find a new women too care for him lol
2007-02-23 03:20:53 · answer #10 · answered by live life 4 · 0⤊ 1⤋