I'm not sure but I believe it is an Endowment Mortgage with a further 1 or 2 years to pay.
They were never married.
Hi, The property is worth around £135000.00.
I believe the repayments are about £400 a month so an estimate would be £5600.00.
Thank you for your indulgence in this matter and I sorry for the vague replies to your questions. However, your answer so far should help my daughter.
Her former partner pays the mortgage on the property in lieu of maintenance on their son. But apart from buying some clothes for his son he contributes very little else.
My daughter gets no financial help from her Daughters' father and it appears that any future help will not be forthcoming. I am concerned that after her son's 18th she could be homeless!
Her son's father wants to sell the property now, to enable him to rent or buy a property to live in after his divorce, so your answer will, if my daughter can be persuaded not to sell her half of the property, help in delaying a forced sale.
If I could raise enough money to 'buy off' her former partner I would. However, I do not know how this could be achieved and if there are any legal difficulties in this proposal.
I am not able to determine her Ex's earnings- he is a self-employed window cleaner and employs others to work for him.
There are, I believe, two children by his wife who is divorcing him.
Again, I don't know how much the monthly payment is however, he did pay £400 per month but I understand this is more than the agreed mortgage amount.