ChatterBank0 min ago
Transfer of Equity
Answers
No best answer has yet been selected by Just1life4me. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Did you not have any legal advice during the divorce? Is he not still contributing to the mortgage, because of course he is still benefiting from its rise in value ? I would certainly advise you strongly to seek legal advice before you did this. If the payments are too high (I am assuming you mean the mortgage) and you are funding them alone, then would it not be better for you for him to buy you out and therefore you can reduce your borrowing ? Of course I do not know the full story and perhaps you could elaborate. If you cannot afford a lawyer (and some do a free half an hour) then pop along to the CAB. Did you not have a settlement when you got divorced? I would stay put most firmly until you have explored all the options.