I'am getting a divorce
If you are going through a divorce and both you and your ex-partner’s names are on the mortgage, you are both responsible for paying the mortgage until a financial settlement is reached. This is true, even if one of you has moved out of the family home. When two people take out a joint mortgage, both agree to be equally liable for the debt until the mortgage is paid off, not just while you live in the property. Missing payments will damage your credit score and that of your ex-partner. In the worst case, it could lead to repossession of the property.
How can the home be divided in a divorce?
It can be a challenge working out how the home should be divided if you’re getting divorced. Generally, there are three options open to you: