What happens if one partner stops paying the mortgage?
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What happens if one partner stops paying the mortgage?
If you stop making the mortgage payments as a result of a relationship break-up, your lender will hold both of you liable and can pursue both of you for any arrears. The fact that one of you may have continued to pay ‘their’ share of the mortgage does not affect this principle.
Is it better to sell a house before or after a divorce?
Since it’s clear that resentment, anger, and bitterness can sabotage a home sale, it may be better to wait to sell the house until after the divorce is finalized. So, you get more money out of the home sale if you wait to sell until after the divorce.
Can I put my house on the market without my husband’s consent?
You can only sell the house without consent from your spouse (this includes civil partnerships) if they are not joint owners. This means you can sell, rent out or re-mortgage the property, do pretty much anything with the property that you want, without having to have your spouse’s permission.
