ChatterBank3 mins ago
mortgage
5 Answers
I got my first mortgage with a friend in 2006, we took a 5 years interest only one out, so therefore we have 2 years left. we decided to put our flat up for sale last july as the cost of living was too much, and move back to living with our parents.
As no one was interested in buying or even viewing we decided to rent the flat out.
My friend has now decided he wants to move back in where as I would prefer to keep renting it out till the 2 year period is up, this way we dont get any penalties to pay for coming out of the mortgage early and also gives us more money to save or do what we want with. My question is if my friend moves back and i stay living with my parents then is it right that i should still be paying half the mortgage?
As no one was interested in buying or even viewing we decided to rent the flat out.
My friend has now decided he wants to move back in where as I would prefer to keep renting it out till the 2 year period is up, this way we dont get any penalties to pay for coming out of the mortgage early and also gives us more money to save or do what we want with. My question is if my friend moves back and i stay living with my parents then is it right that i should still be paying half the mortgage?
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