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Regarding your question, We do not have any children, and we got the mortgage from Santander bank on the 07th Jan 2011, we bought the property £260,000, we borrowed from the bank £208,000 and we paid deposit £52,000.
But the property wasn’t in good condition so I refurbished the property and spend over £20,000 on the refurbishment, so now it worth approx £300,000, and we still owe the bank after two years fixed rate £202,000.
I want to know what is the worst scenario or procedure she can do against me? and how I can protect myself and end this marriage.
One more thing we do not have any other assets but I know she has flat in Hungary under her name,
My yearly basic Salary is £22:000 and her yearly basic salary I’m not sure but between £18:000 and £19; 000.
When we bought the House we opened the joint account to monitor our payments, all the house bills and the mortgage payments goes out from this account, and when we split up we kept the joint account for the house because she is paying half the mortgage and the bills and I’m paying half as well, if I stop paying in the account she will do so also, then the bank will sell the house and I don’t want that to happened.
I bought this house and I did all the research and the hard work in the property and she only contribute with her money and that’s why I’m trying to buy her share, she knew I love this property and I’m trying every peaceful solution with her without fighting in the court?
Sometimes she tells me to wait because she is looking for new property for herself? And I don’t believe that and 10 days ago she asked me to pay her £50,000 for her share (Which I agreed even I don’t have the money) and she said that she will sign the divorce paper and leave the house, but when I asked her to start the paper process and I will the Solicitor fees also? She refused.
It looks like to me that she is buying time for some reason?
Thank you for your help