My name is on a mortgage.

Cherrypie67

Hi everyone
I am looking for some general advise if someone can offer any.
Basically my name is on a mortgage for my family home. My mam and late dad remortgaged a few years ago to help my brother get a house. 50k.
My mam was my dad's carer and as they didn't have the income I had to be added . To cut a long story short it's now in dept,although the bank has agreed an amount lower each month.
I know I can't go on another mortgage with my boyfriend so we have agreed he will get it himself and I will live there.
However we want to get married in a couple of years but he says he doesn't think we can as if we marry the bank can go after him for the money owed on my family home.
Is this something the bank would most certainly do until the full amount is paid back? There is still a lot owed.
I am worried sick about this.

Queen-Mise

I'd go over and ask in Accomodation & Property or Legal Discussion maybe.

Talk to a financial adviser or your solicitor and get some proper advice.


In a really unhelpful comment - it is only fcuking money. Try to get things in perspective. Your relationship and future kids are the most important things (as in your life).

Find out about your legal situation, and put your mind at rest about it.

Cherrypie67

Thanks. I just don't want to get him in trouble for something that happened before we met.

CaraMay

Your debt is your debt and not your husbands. Your credit rating can be affected though. Do is your name on the loan of the mortgage? Meaning do you own part of the house or just part of the loan?

Cherrypie67

All I know is my parents didn't have the income to repay so I was added to it. I applied for my credit rating and it says my name and I have a 50k mortgage.
My father passed away so it passes to my mam. It was a gentleman's agreement that my brother would repay but his name wasn't added. So technically it's my mother and me. She is 70 years old.

If I get married surely then the bank can go after my husband? He doesn't want a joint bank account etc as he said he can't be linked to me?

I just don't understand at all.

CaraMay

Well you need to go get legal advice on it.

ABajaninCork

Not being funny, but if your parents (Mum) took money out for your brother to buy a house, then why is the onus on you to pay it?

I would speak to the brother and tell him to take over the debt and get your name off the mortgage.

You deserve to start married life with a clean sheet.

Cherrypie67

My brother is paying it back. He missed payments but he has always paid it. The deal was he would repay it. My parents gave him the money but as it was taken out in our names,it's my name in it also.
My brothers name was never added to it. So I have bad dept in my name.

Cherrypie67

My name can't come off it

Big Bag of Chips

So is your brother making repayments? Is your mam making repayments? Are you making repayments? Was all this not discussed with the solicitor at the time? Are you in arrears on the house, that it is causing you to worry that your future husband might have to pay it back? Who told you you can't go on another mortgage, or do you think you can't because you wouldn't qualify for one? People can own more than one house, and can have multiple mortgages.

To be honest - these are all things you need to go to your solicitor with and ask. Anybody here will just be speculating.

Mod Edit: I see you have this exact thread open in the Legal Discussion Forum. Opening the same thread over multiple boards, is considered spam. I will lock this one.