UK Landlord Forum / Life

Please help me my husband and I married in 2016 and he came onto my mortgage same year as joint owner . I was looking after my terminally ill mum who also lived in London but my husbands job working corridor was outside London and he could not transfer job . As he had inherited from his dad in 2014 and understood my need to look after mum who was only given 6 months to live . He bought a buy to let property within his work corridor . My mum duly died within that 6 months to frame and I moved out of London to be with him as I had taken early retirement and there was no need or ties with London . I did not know at that time type of mortgage he had and certainly that as a BTL we should not be living in it . I had however agreed as did he to rent our one bedroom property out via letting agent that more than covered the London mortgage .However 7 years on he wants a divorce and is trying to force modern day auction to sell the London flat as he is keen to stay in much larger house ( in his name only ) outside London . I can not afford to buy him out and the outstanding mortgage on the BTL is much greater than what's outstanding on London flat . Will I get in trouble ? We are selling the London flat once tenant goes in early September and divorce is ongoing . I'm so angry as my husbands job working done this with his previous wife and he actually works as a mortgage advisor . I feel like blowing the whistle on him as I feel his bullying me into quick fix for him to revert BTL to residential mortgage and is indifferent to what the London flat sells for even though I'd paid 7 years mortgage prior to him coming onto joint mortgage . It's me that's got to downsize and certainly move out of London and to add insult to injury his threatening to move his new love interest into the BTL Im at my wits end as at 64 i dont deserve this

Why do anything at all right now? I think you're being pressured because he knows that'll be a better result for him than waiting for a mortgage.

Don't agree to sell anything until you've either spoken to you divorce lawyer or actually agreed a settlement.
When it comes to it, don't sell the flat through an auction, that won't get the best return.

This is really more of a problem for divorce lawyers than landlords.I understand that you are tempted to get him into trouble,but that could backfire on you.I doubt if he would get more than a stern warning anyway.However,it does not hurt for him to think otherwise,it could well be mortgage fraud and you can go to jail for that.

As I understand it you don't have to agree to sell the London flat unless he gets a court order.As you are married and also shared the bigger house together for some years a solicitor may say you also have some financial share in that.Absolutely do not auction the flat,you will lose thousands.You need a really good divorce solicitor,not just anyone.Wishing you well,good luck.

This is not property related, but as others have said, please do engage a solicitor who deals specifically with divorce matters.

You are entitled to an equitable share (which may be 50/50) of your and your husband's total assets - and this includes a share of any private or occupational pension savings that he has. Missing out on this because you are not taking independent legal advice and are being railroaded by your husband into a particular course of action will lose you many thousands.

Please contact a solicitor now. Do not tell your husband what you are doing. He will be contacted by your solicitor.

This is not specifically BTL property related, but as others have said, please do engage a solicitor who deals with divorce matters.

You are entitled to an equitable share (which may be 50/50) of your and your husband's total assets - and this includes a share of any private or occupational pension savings that he has. Missing out on this because you are not taking independent legal advice and are being railroaded by your husband into a particular course of action will lose you many thousands.

Please contact a solicitor now. Do not tell your husband what you are doing. He will be contacted by your solicitor.