What happens with a joint mortgage when you split up?
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What happens with a joint mortgage when you split up?
Paying the mortgage after separation A joint mortgage means you're both liable for the mortgage until it has been completely paid off – regardless of whether you still live in the property. If you miss a payment or fall behind on payments, it will negatively affect both yours and your ex-partner's credit report.
What rights does my partner have living in my house?
Both married partners have the right to live in the matrimonial home. It does not matter in whose name the tenancy agreement was made. The court can transfer the tenancy to your name, even if your partner is the sole tenant, or you and your partner were joint tenants.
Who pays for a separation agreement?
If you and your spouse own a home, who pays for what will be outlined in the legal separation agreement as well as who will live in the home. When maintaining a home there are issues such as mortgage payments, utilities, lawn care, and maintenance that need to be considered.
