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re mortgage

  • ssoria
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25 Oct 09 #157102 by ssoria
Topic started by ssoria
X2B says
we bought home in 1997 for £156000 and then he re mortgaged the home in 2003 he got £250,000
he says he repaid the original mortgage of £150,000 and the remaining money he gave to his family he had borrowed to assist him in renovating the family home.


I am unaware of all this..I was told he rented our family home for 7 months to get money to renovate the home

I suspect he bought another property in his name alone but I dont know where it is..
how can I find out?
What do you think the judge will say?

  • TBagpuss
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04 Nov 09 #159564 by TBagpuss
Reply from TBagpuss
You can request documentary evidence from him - e.g.
-bank statements showing the money coming in as loans to do the work, money going out to third parties
-mortgage statements to see how much was borrowed and repaid on each occassion

You will need to set out what he tld you and ask him to account for any and all rental monies recieved (again, bank statements may show if money was coming in from rentals, and any money going out to pay for renovations)

If the documents do show 'missing' money then you can qustion him further on this.

In relation to any new property one way of trying to find this is to look closely at his bank statemetns to see if there is any evidence of mortgage / council tax / insurance payments.

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