I am being chased for an alleged shortfall of £10.000 should it be £5.000 as the mortgage was in joint names and I am no longer with my husband?

Lisa

-- (lisa_foxy@yahoo.com), September 13, 2002

Answers

No. Joint and several means you are both responsible for the whole amount and the Lender can come after either or both of you for the whole alleged debt. What they do in practice is come after the easiest target for the whole lot. I would sort this out with your ex - if he pays five hundred quid in full and final settlement and they accept that - you are on the hook for the rest.

-- Too scared to say (iwasduped@yahoo.com), September 13, 2002.