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i would like some advise on the house I purchased with my husband and his family, i borrowed money from the bank for part of the deposit which myself, my husband and his sister is paying off. due to me taking out the loan the agent said that I probably would not be eligable for my name to be put on the mortgage so my husband and his sisters names are XXXXX XXXXX mortge but there is four of us paying back the loan. due to marital problems I would like some advise on how do I get my money that I have contributed towards the mortgage since I no longer want to be part of the property
The house was £242000 I borrowed 12000 over 5 years paying 280.00 a month which is payed by myself my husband and his sisters at the moment I don't think I have any protection as I contributed 267.60 a month since October 2012 the balance at the moment on the mortgage is around 208000, also it was a verbal agreement between myself him and his family but now I have doubts in getting my money back
In our arguments he says that i will get the money when its due and i cannot wait for 20 years when the house is paid off I am thinking of ending my marriage to him