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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
 Posted - 12 January 2009 : 00:22:39
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Hi
A joint loan is joint and several. Which means that your partner in 100% liable for it as are you.
In addition please remember that if the loan is secured it would not be covered by your Br unless you handed the house back and the shortfall after sale was included.
This would obviously be a problem - and debt - for your partner.
You may want to give the helpline a call to discuss further
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
Real People ..... Real Debt Solutions
www.revivauk.com |
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I have a secured joint loan on my property
