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I have put the house provisionally on the market for 196,000.00 I am hoping from 190,000 to 189,000. We both have pensions from the British University sector, however they are both only 20 years long. We have two children and although he left when they were 15 for this job, he did return once in a while until the first one left for University which will be two years this September. They are identical twin boys (one changed direction and went back a year so he just started year one in University this year). He provided nothing for the boys whatsoever during the time they were fifteen to 20. He still continues not to . He did not visit his sons once in the first year of what he is counting as two year separation. There are unfortunately no more assets and both of us (especially me) collected a fair amount of debt when we were together. I am on a DMP for 40,000.00. I claim I incurred these debts when I was with him and therefore he shared in the false economy they created for us to live on. He rejects this and this is what really caused him to run for the hills. In addition I am 62 on June 16th, he is 56, he has six more years in full time employment to be able to re-house himself and gain a mortage. I on the other hand, at best have four more years in work. If he decides to work until the age I am forced to he will have10 more years in full time employment. I am not on the electorial role either as I am an American citizen with permanent right to remain. I would take my citizenship test, however it costs 1,000 pounds to get my British passport. I hope I have painted the picture of my dilemma in enough detail. If I have misspelled I apologise I could not find a spell check on this service. I bring the electorial role in relationship to gaining a mortage which I would not be able to do with any economy as I have a bad credit rating now.
Hi Claire, There is about 100,000 still outstanding as we had the failed endowment. A one bedroom is unthinkable. I still have 2 children they are at University however, these days after Uni they usually need some where to stay for a bit (judging from all my neighbours experience). I feel it is my duty as a Mother to always be able to offer them a place to stay.
A small terraced house is abouit 90,000. Remember I have a bad credit rating though and I don't think anybody would give me a mortage. I feel I would even have difficulty renting. This is why I am keen on the Martin Principle.
I will look and tell you.
A one or two b edroom is a 70,000 to 90,000 however these houses are really not worth a mortage, They are run down or in bad neighbours a huge drop in living standards and not suitable as I still have two audlt children to house when they are not at University and realistically for a few years after University before they are aghle in today's marketoplace and climate to aofford appropriate housing either renting or byuying on their own.
As still answered:
Now will you please answetr my original question. If we are co-signers on a mortage and he leaves the house, the marriage, and the location for a better higher paif job and then asks for a sepration/divorce cannot I not invoke the Martin principle?
Am I by law forced after two years absence to sell this house? Even if it was not my decision. I can take over the mortage and afford it.
Thank you Claire I expected as much. Do I have any grounds to a sixty forty split of the profit if I am 62 and only have five more years to work and he is 57 , therefore he is 6 years younger than I an will have an easier time rehousing himself and reparing from the cost of divorce?
I was told by one broker I would have to pay off my new mortage by the time I am 70 that is 8 years? He has also not paid into any upkeep (garden, painting, etc., day to day wear and tear repairs since he started his job five years ago. Would I not be able to recoup for this and I am the one who has to show the house and keep it up to scratch to try to sell it/