anybody friends with

[mikescooby]

just want to do a quick msge but dont want to make it to public of whats going off. me and girlfriend split. house is in both names, house as been empty for two month as she left me to deal and sort the house out and she moved back to her home town, ive now got it private rented to a mate to cover the morg, now is my ex entitled to half the rent money, as it flipping bugging me. because the rent is coverig the morg. i got a fealing she might be. ive been trying to get hold of a solicitor today.

i be back on line later tonight

[phil739]

is your morg company aware you are renting it out

i would say yes but surely she would be silly to ask for it if its paying the morg, as if you dont pay it they would come to her if its in joint names

[mikescooby]

no they dont. aint that agood idea then

[Agentsjj]

no they dont. aint that agood idea then

You could potentially be in breach of the conditions of your mortgage offer, if they found out, which would mean them clobbering you with a load more costs and possibly changing your rate. Some banks/bs's are quite leanient under the circumstances and are pleased that you are keeping up payment, others are really s**tty over it. If the girlfriend and you were both named on the mortgage you are both liable for the mortgage payments, she would be foolish to ask for some of the income if it is paying the mortgage, otherwise the bank/BS could pursue her as well for payment. Technically I suppose she is entitled to half of any profit over and above the mortgage payment and other costs that you incur whilst renting it out, ie buildings insurance, servicing and maintenance of central heating and other appliances.

Hope that helps matey. If you change over to a buy to let type mortgage, there are a totally different set of circumstances, ie different income scale, loan to value has to be 75% or less and generally the income you get must be at least 125% of the mortgage payment going out. Probably best to say nothing and sit it out until either your situation changes or the market picks up a bit to enable you to sell and clear everything.

Simon

[mikescooby]

the solicitor says if i was making a profit then she could get half the profit but there is none. she cant afford to pay half the morg a house and two kids so ive done her favour unless she finds other ways. but my mate might possibly buy it but he dont know until hes settled down in it. put if the house becomes empty then she can start paying half of it even though she aint got non to pay for it. and i aint buying her out as i would still loose out out alot because i dont want it