the house is worth around 80-90k , I have not had it valued as yet. The motgage outstanding is 100k. The mortgage is currently on "interest only"
The loan monies were originally intended for house upgrades but were frittered away on personal items
both parties. Around TV's, furniture etc etc
It was left in the house when the other party left, some has since been replaced eg 50" tv that became defective.
not yet Clare. I need to know where I stand with the other party and whether I am only liable for half of the debt, or if he cant pay his hald, am I legally liable for his debt as well. Same goes for the loan.
If we sell and , due to negative equity we still owe say £5000, can I pay £2500 and he owes the rest? Again, same with the loan.