The mortgage is 2 years old.I am self employed and contribute about £250.00 a week to the household bills(inc mortgage)Our mortgage is £780.00 per month
if you have both been in the property for only 2 years who paid the deposit and is the £250 you contribute each week to include your food etc or do you buy that seperately?
Also how much was paid for the property and what deposit ws put down?
firstly the property is very likely to be in negative equity by now.
In that scenario it would a fruitless exercise for the OR to attempt to prove you have a legal interest as that legal interest, if proven, would have no value.
It would only suit the OR's purpose to attempt to prove an interest if that interest had a monetary value to be realised for the benefit of your creditor's.
And as a matter of interest if the property were to gain equity the first £13,500 would belong, in law, to your wife by virtue of her paying the deposit.
Therefore if you do decide to declare bankruptcy the property will not be an issue.
Help wanted
Posted - 16 March 2009 : 19:40:55
