The law must change...... (General Comments)

Member Name: flossy

Product:	General Comments
Date:	22/03/01 (879 review reads)
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Once upon a time there was a fairy princess. She had kissed many frogs in her time but at long last her handsome prince had come into her life.

As time passed, they decided it was time to have a home of their own and buy their very own enchanted castle. Unfortuantly, things were a bit tight in fairy land and so a mortgage was called upon.

The prince and princess decided that the mortgage and the deeds should be in joint names so then things would be equal between then. Within no time at all they had moved into their beautiful new home and so soon settled down into their blissful lives.

Unfortuantly for the princess, things started to go downhill and it turned out that her handsome prince was indeed just another frog. The prince and princess decided it was time to go their seperate ways and so they made an agreement. As long as the prince paid to have the princesses name removed from the mortgage and the deeds, then the castle was his.

The months passed and the princess heard nothing from the building society. She decided to call in and see how things were going. Unfortuantly the princess received a nasty shock. She was allowed to know anything to do with the money side of it but that was it. She wasnt allowed to know how far down the line the removing of her name had gone.

Seven years have since passed at the princesses name still remains on both the mortgage and the deeds. This means that all the time this is the case, the poor princess will never be able to take on another mortgage.

The poor princess had learnt her lesson hard......the world is full of frogs and very rarely do you truely meet your prince!!

Ok, so I may not be a fairytale princess but this sad tale is true. I pop into the Halifax at various time only to receive the same comments. If a mortgage is in joint names then the two named people are responsible no matter who actually living at the property. This means that if my ex cant pay the
mortgage anymore, for whatever reason, the Halifax will chase me for the money, even though I have a family of my own to look after.

The Halifax will not tell me anything to do with the removal of my name. This is because they look upon it as someone is applying for sole equity, so this is their business not mine.

The Halifax have turned down sole equity because they deemed my ex as earning insufficent money for paying the mortgage. The fact that he has been paying this on his own for the past seven years seems to have escaped their notice!

The only thing that I am legally allowed to do is to take my ex to court and force him to sell the house. Not a very pleasant thing to do to anyone plus the fact that it could cost me as much as £10,000.

Lastly, for all those who are thinking that half of that house is mine so at least I will see some money from it one day.....well you are wrong. I have been in contact with a solicitor who has told me that although I am liable to pay the mortgage, it is very likely that I will never get a penny out of the house. My ex could (and Im sure that he would) take the matter further and because he has been paying for the mortgage for all these years and I havent, well this means that the house is infact his and not mine!

I know that these laws were put into practise to proctect wives when mortgages were in the husbands name but surely something must be done to help people that are in a similar situation to myself. I dont want any money, or the house...all I want is for my name to be removed so the fear that the Halifax will come chasing me for money I havent got, will be banished forever!

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