Donate SIGN UP

Does he have to pay the re- mortgage amount?

Avatar Image
Luna57 | 22:44 Mon 03rd Jul 2006 | Business & Finance
1 Answers
My husband is divorced, and when he left his house, he signed to be the guarantor of the his ex wifes' mortgage, as she only works part time

Before they divorced they re- mortgaged, to get some improvements done, and as a result of this, he also pays her an extra amount of money per month along with the maintenance, to cover this re mortgage amount.


She is now selling the property, and will combine the sale of her house with the sale of her mothers, so they can take the children and move to Cornwall.

Will my husband still have to pay this extra amount per month, and will he still be the guarantor for the mortage also?


Gravatar

Answers

Only 1 answerrss feed

Best Answer

No best answer has yet been selected by Luna57. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
He will not be a guarantor again without having to sign some documentation.

With regard the extra amount, that really depends on the divorce terms.

Only 1 answerrss feed

Do you know the answer?

Does he have to pay the re- mortgage amount?

Answer Question >>