Hi i live in a shared ownershp house with my husband and 8 year old daughter,if we were to seperate where would i stand regarding remaining in our home withh my daughter?. My husband works full time earns over £60.000 and i am on ESA we own 40% at present I am on the deeds of our house but my husband pays the mortgage .I do not want to move out of our home . if we bought the full share of our home would this change the situation? Would my daughter and I be allowed to remain in our house until she leaves education? Where do I stand legally please as if it means we need to buy the whole house in order for us to stay then I need to try and arrange this if possible. Thanks
Hi the property was £310.000 when we bought it 3 years ago we bought £120.000 share of a mortgage 40% after paying £18.000 deposit. It is now worth £375-400.000. If we were to buy more shares we would be paying on this amount and stamp duty . where would I stand if we were to seperate owing this share? Would I only be able to remain in the house with my daughter if we bought all of the house?
Hi did you get my reply? I'm still waiting for a reply?
Hi care I am still waiting?
Hi Claire sorry for the delay I have been unwell.
Who would be reliable to pay for the mortgage and rent if my husband were to leave us.?. At present he pays all of this plus the bills for our home.
As I mentioned I am on ESA and pip allowance only so could not afford to sustain the costs of the mortgage and part rent which at present is about & 1050.00 a month in total. Would my husband be liable to support us fully if he left? Thanks for your time Laura
Would the amount honestly cover this Claire? He is on over £60k but would then need to afford his own accommodation and bills?
Are you sure?
The citizens advice Bureau tell me different they say we would need to sell the house and move out as I could not sustain the mortgage and rent myself and that my husband only has to pay a percentage to help with my daughters maintenance which would not cover our outgoings so I am very confused as i do not want to make a life changing decision and then find ourselves homeless which is what the citizen advice have told me Claire?