My sister has been with her husband for around 4 years, the relationship has been tough due to his unreasonable behaviour and he has now turned nasty :(
He has told her he is staying in the house and demanded that she move out within the next few weeks and remove her name from the mortgage.
She is moving into a rented property and from next month she will be paying rent. He is planning to get his parents to take over her share of the mortgage if they get the ok from mortgage company - which we doubt will happen in this climate - and he is going to get a lodger. He wants her removed from the mortgage so that if in a few years time if the market goes up then she can't make him sell to get the equity - currently they have no equity and if they sell they would lose money.
I think my sister should contact the mortgage company NOW and let them know the situation as she will no longer live there and will have no financial interest in the property, get the process running ASAP. Other family members think she should wait til she has moved out.
I know everyone may feel that she is letting him dictate to her but seriously this guy is a psychopath and we really don't know what his next move may be, normally we would defend to the hilt but it is her wish to keep things cool.
There is obviously lots more detail to this story but I am mindful that if I put too much info, one you would get bored of reading and two he may be reading!!!!
I would appreciate if anyone knows the situation with regards the mortgage and what happens, if he can't get his parents to take over mortgage and can't get a lodger he WILL make her pay the mortgage even though he has effectively thrown her out.
Thanks in advance (rep given for sensible, helpful advice!!)