Loan In my Name

[carla87]

Hi

I got a loan last year for �10,000 as my partner and i bought a house and used this for part of the deposit and the rest to do up the house.

Unfortunately now we have split up and he has moved away and we are currently renting the house through his family. The loan was just in my name and I am currently making the payments as he says he has no money, the loan was used for both of us and was even used to pay for a course that he completed and now does for a living! I can afford the repayments which are around �200 but I think its unfair I should pay it alone, do I have any right to ask him for part payments?

[hc4361]

You can ask, and if he refuses you could pursue it through the small claims' court. If you won the case there is no guarantee he would pay.
Even if you won you would still be legally liable for the loan, not him.

[another-view]

You could ask him but as the loan is in your name, he doesn't have to pay. Why would he help you out if you have split up?

[carla87]

ah right so not really much point then as he claims he isn't paying as he has no money not really worth me wasting my time then eh?

[another-view]

Not if he has that attitude. How come you didn't take it out jointly?

[carla87]

yeah I see what your saying he won't help if he doesn't need to I mean I would if it was the other way round but thats just me I have a heart hehe men eh! Thanks for your help guys it was only a query anyway x

[carla87]

Uhnfortunately as he is self employed the loan company said it would be easier to get if it was just in my name

[Androcles]

Whose name is on the deeds? If it is sold can you make sure you get your share of what you have contributed? If it is rented out, how is the rent being spent?

[carla87]

The house is in both names so I will get my share when it sells its being rented by friends at the min so rent is paying straight for the mortgage

[Androcles]

So maybe when you sell, at least your proportion of the 10K that went into the house, should be deducted from the net income from the sale, before you split it, and maybe you can also argue that he should settle his debt for the contribution to his course from that as well?