Discussion
Apologies for the breif title but in brief I am in a mess and I don't know what to do.
Me and ex split nearly 2 years ago we are now all legally divorced.
We agreed as there was no equity in the house, he had cost me a lot of money and also faulted on the replayments several times that we would transfer the mortgage over into my name soley and I would keep the house. He is happy to walk away, to be honest that is what I wanted to do but he is in such bad shape financially they wouldnt even consider him for a mortgage and one of us had to take the house.
I made a claim for the transfer of equity but had to wait six months of the ex paying money for our lad to apply, I applied whilst in employment. Then in end of Jan I got made redundant, there is no insurance on the mortgage as ex cancelled it.
I thought the application would still go through but they have come back and asked if my circumstances have changed, which obviously they have and now they wont want to give a mortgage to an unemployed person.
So presumambly the mortgage will remain in both our names until I can get a job and reapply for it. But that also means I can no longer get any help from the government to pay for it as ex technically would be liable, even though he hasnt lived here for nearly a year and we are dirvoced.
Does anyone have any ideas on what I can do?
My options seem to be:
Go on the game to get the monthly mortgage payment until I get a job?
Lie to solicitors and tell them all is hunky dory? (sure that will bite me in the ass later?)
Even if I get a poor paid job somewhere they could still say no as I wouldn't able to afford the mortgage on that pay
Any suggestions?
Anyone know any mortgage helpline people that isn't the CAB?
My only other thoughts are to get one of those people who buy houses off people for a lower price but assuming they at least get the mortgage covered am still not entily sure where I stand if I sold now, as they ex could still cause a fuss, but is that better than being reposessed or homeless?
Me and ex split nearly 2 years ago we are now all legally divorced.
We agreed as there was no equity in the house, he had cost me a lot of money and also faulted on the replayments several times that we would transfer the mortgage over into my name soley and I would keep the house. He is happy to walk away, to be honest that is what I wanted to do but he is in such bad shape financially they wouldnt even consider him for a mortgage and one of us had to take the house.
I made a claim for the transfer of equity but had to wait six months of the ex paying money for our lad to apply, I applied whilst in employment. Then in end of Jan I got made redundant, there is no insurance on the mortgage as ex cancelled it.
I thought the application would still go through but they have come back and asked if my circumstances have changed, which obviously they have and now they wont want to give a mortgage to an unemployed person.
So presumambly the mortgage will remain in both our names until I can get a job and reapply for it. But that also means I can no longer get any help from the government to pay for it as ex technically would be liable, even though he hasnt lived here for nearly a year and we are dirvoced.
Does anyone have any ideas on what I can do?
My options seem to be:
Go on the game to get the monthly mortgage payment until I get a job?
Lie to solicitors and tell them all is hunky dory? (sure that will bite me in the ass later?)
Even if I get a poor paid job somewhere they could still say no as I wouldn't able to afford the mortgage on that pay
Any suggestions?
Anyone know any mortgage helpline people that isn't the CAB?
My only other thoughts are to get one of those people who buy houses off people for a lower price but assuming they at least get the mortgage covered am still not entily sure where I stand if I sold now, as they ex could still cause a fuss, but is that better than being reposessed or homeless?
Edited by Kit80 on Thursday 11th March 02:08
Speedway motorsports Inc? An no I haven't applied for it yet, I was told I had to wait 13weeks before I could plus I am on JSA C, if I move to IS now I will have to start wait again and also things like maintenance gets deducted off which is doesn't on JSA so after about 2 weeks of adding it all up I am financially better off on JSA C at the moment. But also I am told I can't apply for this whilst the house is both are names?
Kit80 said:
LittleMiss said:
You can apply for it under the abandonment rule, get your application in now as it is not backdated.
Ah I see the abondement bit now on that page, that does look quite hopeful. Why did know in the jobcentre know this. Thank you very very much! (BIG HUG)
Eric Mc said:
Kit80 said:
LittleMiss said:
You can apply for it under the abandonment rule, get your application in now as it is not backdated.
Ah I see the abondement bit now on that page, that does look quite hopeful. Why did know in the jobcentre know this. Thank you very very much! (BIG HUG)
Thank you for your contribution.
Edited by Kit80 on Thursday 11th March 09:42
I wasn't trying to be cheeky. Your questions are actually quite complex and if you want people to help you, wouldn't it be better if they know exactly what you mean?
Have you thought about taking in a lodger or two to help with the mortgage repayments?
You can earn £4,250 per annum tax free under the Rent a Room scheme.
Have you thought about taking in a lodger or two to help with the mortgage repayments?
You can earn £4,250 per annum tax free under the Rent a Room scheme.
Eric Mc said:
I wasn't trying to be cheeky. Your questions are actually quite complex and if you want people to help you, wouldn't it be better if they know exactly what you mean?
Have you thought about taking in a lodger or two to help with the mortgage repayments?
You can earn £4,250 per annum tax free under the Rent a Room scheme.
You corrected an off hand comment where I was whinging about the jobcentre, I can only justify this as I was anxious to get onto the phone and confirm if I could claim under this abandonment rule. I believe the rest of my thread and particularly the OP was by no means perfect but still coherent for people to understand. Have you thought about taking in a lodger or two to help with the mortgage repayments?
You can earn £4,250 per annum tax free under the Rent a Room scheme.
Renting a room has been something I have come back to many times, I think if I still live here they will take off any income from that off my benefits. Plus I don't feel comfortable with a stranger in the house when my 9year old is here. Moving out and renting the whole house out might be an option but with the mortgage in the state it is in am not sure if it is possible either. And I would still need somewhere to live
I do find it unfortunate that people seek initial refuge in State Benefits.
My plan would be -
get a job
get a lodger (or two)
If you are concerned about having a starnger in the house, that is understandable but you would no doubt vet any candidates and chose which ones you thought were appropriate. Over the years, I and many of my friends have made use of lodgers to supplement their income and it has been a very useful and helpful tactic. It helped me clear my mortgage ten years before the original final repayment date.
Thinking outside the box is sometimes required when circumstances dictate.
My plan would be -
get a job
get a lodger (or two)
If you are concerned about having a starnger in the house, that is understandable but you would no doubt vet any candidates and chose which ones you thought were appropriate. Over the years, I and many of my friends have made use of lodgers to supplement their income and it has been a very useful and helpful tactic. It helped me clear my mortgage ten years before the original final repayment date.
Thinking outside the box is sometimes required when circumstances dictate.
Edited by Eric Mc on Thursday 11th March 10:01
We certainly never told our mortgage company. However, I am sure they were more pleased with the fact that I never missed a mortgage payment in 19 years.
The Rent a Room scheme was introduced in 1992 ESPECIALLY to allow people to meet their mortgage commitments during the house price crash and negative equity crisis of the early 1990s.
Mortgage companies are MUCH more concerned however, if you actually started renting the house out in its entirety - which seems to be one of the options being considered by the OP. In those cirumstances, you definitely WOULD need to notify the mortage company and possibly would have to renegotiate the mortgage.
The Rent a Room scheme was introduced in 1992 ESPECIALLY to allow people to meet their mortgage commitments during the house price crash and negative equity crisis of the early 1990s.
Mortgage companies are MUCH more concerned however, if you actually started renting the house out in its entirety - which seems to be one of the options being considered by the OP. In those cirumstances, you definitely WOULD need to notify the mortage company and possibly would have to renegotiate the mortgage.
Edited by Eric Mc on Thursday 11th March 10:15
Eric Mc said:
I do find it unfortunate that people seek initial refuge in State Benefits.
My plan would be -
get a job
get a lodger (or two)
If you are concerned about having a starnger in the house, that is understandable but you would no doubt vet any candidates and chose which ones you thought were appropriate. Over the years, I and many of my friends have made use of lodgers to supplement their income and it has been a very useful and helpful tactic. It helped me clear my mortgage ten years before the original final repayment date.
Thinking outside the box is sometimes required when circumstances dictate.
A job! Now why didn't I think of that! Silly me I was sitting round watching Jeremy Kyle and drinking cider all day.My plan would be -
get a job
get a lodger (or two)
If you are concerned about having a starnger in the house, that is understandable but you would no doubt vet any candidates and chose which ones you thought were appropriate. Over the years, I and many of my friends have made use of lodgers to supplement their income and it has been a very useful and helpful tactic. It helped me clear my mortgage ten years before the original final repayment date.
Thinking outside the box is sometimes required when circumstances dictate.
Edited by Eric Mc on Thursday 11th March 10:01
Here is a thread about my current job search http://www.pistonheads.com/xforums/topic.asp?h=0&a...
And I have two interviews today and one tommorrow as well! I would also be glad to forward you the business plan I am working on to go self employed and the enrolement forms for all the courses I am trying to get onto to shine up my CV some more.
And yes as I said the lodger might be a possibility but being in the position I am in, as per example scotal has pointed out, it isn't as straight forward as it sounds. And oddly enough I don't have the left wing of my castle available, us doleys live a modest life, despite working for the past 12 years of my life. God Dam excuse me if I had hoped all that tax I had paid might have come in handy one day. Certainly won't be around for my pension.
And sadly my friends are all married or already in their own homes, there is no one I know even remotely that would be interested in off the record room rental, if there was trust me I would take it. I would have to go through the normal routes of advertising etc.
Eric Mc said:
We certainly never told our mortgage company. However, I am sure they were more pleased with the fact that I never missed a mortgage payment in 19 years.
The Rent a Room scheme was introduced in 1992 ESPECIALLY to allow people to meet their mortgage commitments during the house price crash and negative equity crisis of the early 1990s.
Mortgage companies are MUCH more concerned however, if you actually started renting the house out in its entirety - which seems to be one of the options being considered by the OP. In those cirumstances, you definitely WOULD need to notify the mortage company and possibly would have to renegotiate the mortgage.
I will give the rent a room people a ring but as I said, I live in a three bed terrace, I doubt my room would fetch more than 200pcm and given what my other bills such as heating and electrity would go up by and that that is not even 50% of my mortgage and I am fresh out of rooms after that. I still need to sort my mortgage position out. The Rent a Room scheme was introduced in 1992 ESPECIALLY to allow people to meet their mortgage commitments during the house price crash and negative equity crisis of the early 1990s.
Mortgage companies are MUCH more concerned however, if you actually started renting the house out in its entirety - which seems to be one of the options being considered by the OP. In those cirumstances, you definitely WOULD need to notify the mortage company and possibly would have to renegotiate the mortgage.
Edited by Eric Mc on Thursday 11th March 10:15
FWIW The abandonment rule no longer applies, it was abolished as of Jan 09 when they shortened the waiting period with the economic down turn.
It is possible I can put in an appeal however given I am soley responsible for the mortgage so who knows I might get some help after the normal waiting period, this being contridictory to what I was told by at least 4 Jobcentre people now.
And the interview this morning has asked me to come in for a trial day tommorrow.
It is possible I can put in an appeal however given I am soley responsible for the mortgage so who knows I might get some help after the normal waiting period, this being contridictory to what I was told by at least 4 Jobcentre people now.
And the interview this morning has asked me to come in for a trial day tommorrow.
Kit80 said:
And the interview this morning has asked me to come in for a trial day tommorrow.
Ah, some good news at last! 
Am sure that they won't want to ever let you go as soon as you've had the chance to show them what you're made of. Go get that job, it's got your name on it!Edited by 900T-R on Thursday 11th March 12:19
900T-R said:
Kit80 said:
And the interview this morning has asked me to come in for a trial day tommorrow.
Ah, some good news at last! Am sure that they won't want to ever let you go as soon as you've had the chance to show them what you're made of. Go get that job, it's got your name on it!Edited by 900T-R on Thursday 11th March 12:19
It is nothing riveting but will do for now if it works out. Eric Mc said:
I do find it unfortunate that people seek initial refuge in State Benefits.
My plan would be -
get a job
get a lodger (or two)
You complete wMy plan would be -
get a job
get a lodger (or two)
Edited by Eric Mc on Thursday 11th March 10:01
ker, that is the most tttish thing I have ever read on PH (by quite some distance. Jeeeezus. 
T89 Callan said:
Eric Mc said:
I do find it unfortunate that people seek initial refuge in State Benefits.
My plan would be -
get a job
get a lodger (or two)
You complete wMy plan would be -
get a job
get a lodger (or two)
Edited by Eric Mc on Thursday 11th March 10:01
ker, that is the most tttish thing I have ever read on PH (by quite some distance. Jeeeezus. "As a side note I wish you all the best with your job interview, take care
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