House no longer registered.

Questioner

In 2011 I got divorced. I went to live in a caravan My ex stayed in our house and I was/am the guarantor. My debt is 89,500. Now I want to get rid of the debt. My ex wants me to pay half of the costs to sort this out. How do I take control myself? The bank says I have to sort it out with him. There is equity in the house. Sell ​​and share the profits? I don't know what to do right now. My ex does it the way that suits him best. What are my rights and obligations? He pays the mortgage and receives mortgage tax relief.

Lawyer

I can imagine that you have many questions. If you both own the home, you are both entitled to half of the (surplus) value of the home. This is separate from the question of who paid the mortgage payments in recent years. The ownership of the home is separate from the mortgage. In these types of situations, it does indeed sometimes happen that the house has to be sold, in which case the surplus value is divided. For example, you could go to court if your ex does not want to sell the house. It could also be considered whether the mortgage can be put entirely in your ex's name and you can be bought out. Without more information it is not possible to give a more concrete answer. You can contact me without obligation via my profile to discuss your case.