loan

[jenny5019]

my wife has took out a loan in joint names but i never signed any paper work where does that leave me as iv been told i have to pay it back

[WendyS]

Did she forge your signature then? I was under the impression that in all cases of a joint loan, both signatures had to be provided.

If so, you have a bigger problem than just being asked to repay the money; you have a big issue of trust and deception in your relationship. I think you need to sit down and have a serious conversation with your wife. You will have to prove to the loaning institution that your signature was either forged or not provided and in either case this could well cause problems in your marriage. You need to give some thought as to how you are going to handle this.

[jenny5019]

well i dont know she wants to cash in a endownment to pay it off we are going in for a devorice and she already has changed the mortgage with out my knowing . and i was told that as long as it was to make the mortgage cheaper it was ok ?? i dont think thats right

[alijangra]

She must be forging your signature and I would bring this to the attention of the lender. I think you should seek some professional advice and fast.

[jenny5019]

she says she has no paper work and going to get iot tomorrow let hope she does

[jenny5019]

she had chanhged the mortgage as well and lender and i have not sign to do that

[themas]

I read this after commenting on your separate mortgage post. She will definitely have been given paperwork about both the loan and mortgage so what she says about not having any appears to be incorrect - unless she is keeping somewhere away from the house.

The statement that it was OK for her alone to change the mortgage if it made it cheaper is just plain wrong.

As things stand you can be pursued to pay the loan (you are both jointly & severally liable for any joint loan or mortgage). You have to take action asap yourself (separately from her) to discuss this with the lender so as to convince them that your signature has been forged. Only then will you be released from the obligation to pay.

[jaycee401]

Hi themas I have a similar problem. Once proven that the signature is a fraud what punishment can the fraudster expect?

[Kat213]

If you are getting divorced then presumably you already have a solicitor. I would have the solicitor deal with this and if you don't already have one, get one as soon as possible. Yes, it will cost you, but possibly not as much as if you are held liable for a loan that you did not take out!!

[themas]

jaycee - fraud is a criminal offence so the police & CPS would have to be involved, with the CPS deciding whether to prosecute. If they did and the person was found guilty, the Court would decide the punishment. I don't know what this might be, but if the person who has been defrauded has suffered financial loss it might be possible for the punishment to include a compensation order.

[jaycee401]

Hi themas, thanks for your reply. I have and am suffering financially and emotionally as until this is sorted out I cannot sell my house as he is trying to put a charge on the property, hence him saying I have forged his signature on a letter from him saying he was selling me the house and how much he was selling it me for.