The outstanding debt on the mortgage is £94000 and the house is probably worth about £98000. My sons income: weekly pay slip £610.05 before tax. Take home pay £444.47
I am sorry I do not understand this part is there some text missing. he will retain his in.
Regarding the mortgage will he have to notify the company to tell them he is no longer paying it and what happens if his x partner does not pay the mortgage either?
What will happen to him if he decides against any of this and defaults on his mortgage? I need to be clear on this so that I can give him the facts.
I thought so, this then is not a good idea. What about the short sale or deed in lieu with the mortgage company? Could he do this? Will he only be able to do this with her in agreement?
thank you , one last question, is there anything he can do regarding the council tax on the property? This is also in joint names. Can he also stop paying the television licence and water rates?
thank you, XXXXX XXXXX son be able to speak to Broadacres about the house she is saying she is going to get? It may be the only way he will find out the truth.