Vision for an independent organisation to represent UK landlords20:18 PM, 16th September 2018
About 7 days ago 59
7 years ago I put my name on a Buy to Let mortgage with what is now my ex husband (for the past 4 years).
I have never had any income from this property, as we agreed that he wanted no further interest in our mortgaged family home and that I wanted nothing more to do with the BTL property.
Three months ago my ex stopped paying the BTL mortgage and all his other liabilities eg. credit cards etc. He has passed no forwarding address onto the mortgage company, even though I have now given them his parents address as this is where he was staying.
As the mortgage company cannot contact him they are repossessing the BTL property and have told me that they will expect me to pay the deficit. I have always paid my liabilities in life, but he believes that he can just leave his behind for somebody else to pick up. I have since learned that the BTL property has been internally destroyed and that the flat is not worth half of what the mortgage is.
When my ex left we did sign (and had it witnessed) a piece of paper saying that we each held no further interest in each others property. I have a court order to say that he agrees to pay everything due for the BTL property and he has signed to agree this.
Because he has stopped paying this, I am going to end up with a repossession and a massive debt. I am wondering if anybody else has been in this situation and could offer any advice on what to do.
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