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CM payments and mortgage

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Andynumpty
Posted by
Senior Member

16 Mar 18 #500219 by Andynumpty

Topic started by Andynumpty

Hi,
Just thought I'd share what I was told by CM department yesterday.

They told me that if you own/have interest in a house that your ex and children live in and you still pay the mortgage on it but don't live there, this will not be considered for a CM reduction.

Does anybody have experience on this?

Thanks Andy

WYSPECIAL
Moderator

17 Mar 18 #500221 by WYSPECIAL

Reply from WYSPECIAL

Yes that is correct.

Long term you will benefit from the payments as it will decrease the amount outstanding.

Is there a reason why you pay the mortgage?

Andynumpty
Posted by
Senior Member

17 Mar 18 #500222 by Andynumpty

Reply from Andynumpty

Hi,
I'm just trying to predict what could happen in my situation.
The house is in my name and mortgage in my sole name but ex has a beneficial interest in it.
We have a son together, but not married, and she has mentioned that her intentions are to get me out of the house.
Being on a limited income I wouldn't be able to afford CM, still paying the mortgage and then have to find somewhere else to live.
Thanks.

WYSPECIAL
Moderator

18 Mar 18 #500239 by WYSPECIAL

Reply from WYSPECIAL

To be allowed to stay in the house she would have to be able to afford to pay the mortgage and running costs out of her own income.

Andynumpty
Posted by
Senior Member

18 Mar 18 #500243 by Andynumpty

Reply from Andynumpty

Ok, thanks for the advice.

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Moderators: wikivorce team, rubytuesday, dukey, hadenoughnow, Tets, Shezi, Linda Sheridan, Forseti, Mitchum, WhiteRose, Lostboy67, WYSPECIAL, Bubblegum11

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