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[Solved] Do I need to pay towards the mortgage

 
(@andy510)
New Member Registered

I separated from my partner on 19 January 2015 and need some advice on what i have to pay for and what i don't. We have a joint mortgage and secured loan and one child age 14 and one aged 22, Im am not looking to get out of paying child maintenance at all but feel that as I'm not living in the house anymore do I still need to pay towards the mortgage. How much is a reasonable amount of money to live on and any advice on my rights .
Thank you

Quote
Topic starter Posted : 26/04/2015 6:36 pm
 Mojo
(@Mojo)
Illustrious Member Registered

Hi there

As you have a joint mortgage you are still liable for the repayments, if your ex doesn't pay it they will come to you for it. If the secured loan is in joint names you are jointly liable for that too. Sometimes when the children are all but grown and you were not married, the best thing to do would be to sell up and split the equity.

You really need to sit down and discuss your financial situation., if you can't then I would suggest mediation to try and sort it out.

You will only have to pay child maintenance for your 14 year old child and this is worked out as a percentage of your income. Here's a link to the CSA calculator that will help you to work out a fair amount. If you contribute to the mortgage then that may be taken into account. If your youngest child spends more than 52 nights a year with you then you are entitled to a reduction of the maintenance.

www.gov.uk/calculate-your-child-maintenance

The amount of child maintenance you pay covers your financial commitment and you are not expected to pay any household bills or buy clothes, if you do this is purely discretionary.

ReplyQuote
Posted : 27/04/2015 3:37 pm
(@got-the-tshirt)
Famed Member Registered

Hi There,

As Mojo has said you are liable to pay half the mortgage whilst you are named on it, if you ex can afford to pay the full amount and agrees to do so then you can stop paying towards it, you would still be entitled to a share of the equity in the property once it is sold at the final value.

I would also agree that mediation would be the best place too discuss this too see if you can reach an agreement.

GTTS

ReplyQuote
Posted : 28/04/2015 1:38 pm
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