I bought my house in November 2007 with my partner, just when the market crashed and now im in negative equity. It didnt matter at the time because we werent going to sell but since, me and my partner have split up and hes totally shirking his responsibilities and has moved out and wont pay anything towards the house.
The mortgage is in joint names and i cant get his name off because since buying the house i got made redundant and went back to university so i have no income and cant have the £115k on my own. He doesnt want the place and i cant sell because i would have to find about £15k and im not taking that debt alone.
The mortgage company transferred the mortgage to interest only (they were really helpful) and using my student loan, bursary and part time job income i can just about make ends meet each month. The only problem is that my mortgage is now linked to Bank Of England base rate and will rocket when that rises, whenever that is, and i definately wont be able to afford it. I have given up on asking my ex for money, (i cant wait for the day he meets someone else and wants to buy a house with them and cant because he is stuck on this mortgage with me!! he has no clue about money or finance or mortgages, i dealt with all that) and my parents have very kindly offered me a room in their house suggesting that i rent my place out. (i would make about £150 a month because the mortgage is so cheap and the mortgage adviser actually said ‘if you hadnt come in and told us we wouldnt know about it so lets pretend you never made this appointment’ when i went to ask if i could rent it out) Im 28 and havent lived at home for 10 years and im so worried about it!

What would you do? Rent it, live with parents and save the money made to sell it or stay there and struggle? Any advice would be greatly appreciated as im STUCK as to what to do

Many, many thanks
I cant rent a room out unfortunately, its only a starter home so has a double bedroom and a tiny second bedroom that you would be pushed to fit a sigle bed and a wardrobe in

We’re considering buying a horse and we saw one we were interested in but here’s the thing…

The woman who owns him has lost her job and can’t afford to keep her horse anymore and she’s keeping it in a field which she can no longer pay the rent for so she’s got to sell the horse by THIS weekend.
She lives quite far away from the horse so she says she doesn’t have time to get him vetted and that its sad enough that she has to sell. This has made us a bit suspicious as shouldn’t horses be vetted before someone decides to buy it? She has said all lovely things about him in the advert, however we’re not fully relying on it as if someone had to sell their horse desperately they’d say anything to get rid of it…
She also said that the saddle wouldn’t be included, because she said if she ever got her job back then she might buy another horse. So why doesn’t she loan out her horse and then if she does get her job back, she can just have her horse back…(my mum even suggested this when they spoke on the phone but she just went ‘no no oh no’) which makes us think is there something wrong with the horse.

Me and my mum just drove down to where he was (she gaves us the address in case we wanted to come and view him) and we saw him in his field and he looked lovely, he walked fine, he seemed happy enough in his field. But we don’t want to buy him just on what he was like in the field

Before we bought him (IF we bought him) we would visit him properly and there’s a woman we know who’s very experienced with horses who would come with us to check him out as well.

So, we’re wondering if we should even bother checking this horse out properly or just wait for something else…
what do you think?

xx
here is the advert for the horse…
http://www.horsemart.co.uk/advert/12_yrs_15_2_hh_grey_other_west_yorkshire/99800
It’s so hard to choose a best answer cos they’re all great :S
^_^
thanks guys
xx

I am a 29 year old man. I am currently surfing my life away in Nicaragua and living off the the rent i am making from a house i own back in the UK.

Sounds good i know, but but i am getting bored of Nicaragua and soon i will return to England. I have come to the conclusion that real estate is a very boring way of making money and intend to sell my house and do something more interesting/creative with the money. I am curious to see what other people might do with the money because i am having difficulty deciding.

Basically he is from and lives in Kentucky however works around Europe. I work in New York but i am from London. When we got engaged we both thought that it would be nice to start married life with our own home instead of my New York flat, many hotels around Europe, the room he grew up in at his parents home in Kentucky and the room i grew up in at my parents home in London. After alot of discussions he conviced me that Kentucky would be a nice place to have a "family" home and it also be close to his family. We found the perfect house (well once i have finished redecorating it!) and we are travelling out there tomorrow to collect the keys (we are in Italy atm.)

The thing is i have lived in citys all my life, New York and London and i do love the life style. One of the main reasons that we are moving to one of them is as my fiancee can’t stand city life and also it is not a great laid back place to start a family. I have had to sell my London flat and also also rent out one of the rooms in my New York flat to a friend so that it is looked after when i am not there for work. I am giving so much to move out there and am now starting to worry that maybe i will miss the city life and it might be too late to move back (the place we have brought is alot of money and we are putting alot of money into it to make it our own…)
We did do a "test trial" in Kentucky and i did like it but it was only for a week not my whole life…
Any reasurances that i am moving to the right place? My fiancee just says i will "love it" and to "give it a go."

I have a two bedroom property in london in a really nice area. It has development potential – i can turn a two bedroom one bathroom house into a four bedroom three bathroom house. It will cost 100 grand to do. At the end of it i want to remortgage the property to pay back the 100 grand loan to do up the property and then rent it out for as long as i want until the market is good to sell again.
is this a good plan given the turmoil in the economy?

Me and My ex broke up temporarily, in that time i got rented accomodation as he was going to buy me out of my share. However 6 weeks down the line we decided to give it another go, however he didn’t want me to move back into the house. He was happy to pay it until we were solid again and i moved back in. (obviousley i was paying rent etc. After a year i moved back in and started paying my share again.

Fast forward 2 years. We have broken up for good now and have been trying to sell the house. Still both paying equally. However he wants to be re-imbursed the "year out" i had when we finally sell the house. Which equates to about £3k interest and £1.5k off the capital.

I don’t think this is fair as i also had to pay out in rent and bills, and he was the one who didn’t want me to move back in. Has he got any legal leg to stand on?

Thanks

I need to relocate because of my boyfriend’s job. Our place has only been on the market for 2 weeks, but we need to move in the next month. The estate agents think that it will sell within another 2-4 weeks, but obviously completion will take an extra 2 months or so.

We are considering renting in one month’s time. This would mean paying both rent on a new place and mortgage on the old place until the sale of our flat is complete. The rent would be about £800 pcm. I could pay half of this; the other half would go on overdraft every month. We could pay the overdraft back with the profit from the sale.

Best case scenario – we get a buyer in the next month before we rent, so we don’t have to pay a mortgage and rent for very long. Worst case scenario, we can’t shift our old flat and are left paying for both for a long time…

I am re-posting this question from last night in the hope of getting a few more answers, so please give opinions if you can Thanks! xx Emmie

This story has alot to it, but please help.

My best friend, who im so close to, there is nothing i cannot say to her. She is pregnant and he boyfriend is asking her to have an abortion, and she doesnt want to.

The Guy has anger problems, but he’s so sly even she now can see through him. Once instance is like xmas he asked her what she wanted, she said a Nintendo DS, but on xmas day she got some necklaces and random gifts, however she was happy. Then he bought himself a DS and was teasing her, when she took it to work one day he smashed it up. He isnt normal.

She has been with him for a year, is in alot of debt, scared to be alone even though she has alot of friends and family around her. She had a miscarrige with his child a year ago, she was so upset so we’re not sure what his problem is this time. He’s trying to get her to sell her house and rent with him…..he is controlling and violent, he has weird moods. Ive seen it first hand and through what she’s told me, also other friends have asked me what the deal with him was.

My friend knows he has to go, but i dont know what to do…i live a 45 min drive away….but i dont drive and i have work and renting a little flat with my boyfriend here….. I would move back in a heartbeat to be with her but its not that simple…..please, what do i do??? xxxxx

I am trying to find a book I remember reading many years ago – probably as far back as 1975. It was an Enid Blighton style story about a small group of children who went on holiday to the Scottish countryside and discovered a series of potholes and caves behind where a burn – that was the word used in the story and may trigger a memory (Scottish stream) disappeared into the ground. There were smugglers or kidnappers involved and I remember one of the caves was full of "bad air" which the children discovered when the candle they were using to light their way went out due to the low oxygen content.

This is along the lines of a Spiggy Holes story but was not, as far as I remember, an Enid Blighton book. I am trying to find it for nostalgia resasons and to read it to my 9 year old daughter who I am reliving my childhood with. If you know the book – or even have it and would be willing to sell it (or even rent it out) I would be delighted to hear from you.
Thanks,
Dave (and Poppy)

hi I’m thinking of selling up my house been paying the mortgage off for many years now and need a change of place..well just recently ive heard and been advised not to sell up at the moment as houses have been losing value or something..well basically my house is valued at roughly £200,000 but that was 4 years ago i had it valued..
what would it be worth to sell now?

another option i was thinking was maybe rent it out until the values go back up
anyone know much info about this thanks in advance
thanks guys well before when i bought it ..it was for sale for £17k lol and that was way back in 1986 but obviously ive been paying more with interest ect. think i might just sell it as it is tbh i need the money as im out of work even if i get £150k that will do me ok