Hi fed-up,

Sorry to hear that you have so many things to deal with at the moment.

Is there any equity in the house that you both live in?

Hi

My wife and I split after I had been in a Trust Deed for 6-8 months. For various reasons I told my IP I didnt want to return to the property, and my wife went her way. My IP then took control, changed the locks and informed me that they would keep all equity. 8 months later it is still unsold, (not the time to sell!) my IP have instructed their soliicitors and estate agents to sell the property. I cannot even get in, and yet I am due council tax, and have the daily worry of this unsold property. My IP were understanding but please think very carefully about it all and how your finances would stand up to it all.

Hope this helps
JS

Thanks for the replies. There is approx ?ú12k equity in the house. I am really worried about all this. When I have spoken to our IP about this in the past I have basically been told that it would be better if one of us could stay in the house and keep paying the mortgage. If we split he will leave and move back to his homeland which is about 250 miles away and there is no way I could keep the house going. We have 2 young children and I only work part-time.

Just so - can I ask what financial responsibilities you still have for the house altogether?? Just trying to get a clear picture of where I would be at.

Many thanks.

Hi again

It was a rather 'messy' separation and there was no way back, so I told the IP I wanted to sell, she had no part of the TD or ownership. They said I should maintain my mortgage payments as much as possible, even though they had changed the locks. I then rented an apartmentand told them I couldnt afford the mortgage so I ceased paying it. The mortgage company kept harrasing me. I let my IP know and they, to their credit, got all the phone calls stopped. The mortgage company will get their money and my creditors will get more than the original agreement, so they should be reasonably happy (if it gets sold soon).

To answer your question, I am due council tax for an empty property and thats it really. I dont pay the mortgage as I said, I dont feel good about it but I dont see why I shouldd worry about it as all creditors and lenders will be paid !

Its on the other side eg renting, moving, deposits, solicitors for separation agreements etc that can be very costly!

hope this helps

Thanks again for replying, I'm sorry your separation was messy. I am sure I would get some help from my family regarding deposit for a new property to rent. I presume they re-assess the situation to decide how much your contributions will be after you moved into your new property?

It is such a worry with something like this hanging over my head.

Thanks again.

Hi again,

I wasnt re-assessed although I missed a months payment on their agrrement. I managed to hold it all together, just, although I am behind in some payments regards the old property, but nothing too serious except for the council tax, but Im doing my best.

I had my yearly assessment only recently and my IP didnt really take into account my circumstances until I spoke to them directly. They seem understanding and if you keep them fully informed Ive always found them extremely helpful, unlike creditors themselves !!!

JS