My bofriend & ex-wife have had their former matrimonial home, mortgaged in both their names for last 10 years, repossessed by the Nationwide. She left him 2 yrs ago and despite trying to maintain repayments he fell into arrears - she wouldn't contribute saying she was no longer liable for the mortgage as she no longer lived there!!(posted 8022 days ago)The house is now for sale with local estate agent (at ridiculously low price obviously) and my question is - if/when it is sold and the inevitable shortfall calculated, is the debt shared between the two or can the NW (or their agent) come after them individually for the whole amount? This scenario is worrying; as the ex-wife & her partner don't work, preferring to claim benefits, and my boyfriend is employed (albeit on a low wage)it is not difficult to guess who they would come after for the money...
It's my opinion that this would actually be the case, but that they couldn't force him to pay it all. He would like to pay off his share of the debt and draw a line under the experience but I doubt it's that simple. He is living in a rented house currently - it would be more practical/cheaper for him to move in to my house, but we are reluctant to take this step in case my address is blacklisted because of his situation.
Any advice or information would be very welcome!!
Thanks
Jan