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You are right about it being called jointly and severally liable but wrong about what this means. There is no such thing as "her share". Jointly and severally liable means that BOTH parties are responsible for the FULL amount. That is very different from each party being liable for 50% of the payments or any other percentage. It means that, if the mortgage does not get paid, the lender can chase EITHER of you for the FULL amount either through debt recovery agents or court action. Usually they would chase the occupier of the property since it is easier. If the occupier does not have the means to pay then they may chase the other party instead or as well. It''s totally up to the lender since you are BOTH responsible for the FULL amount.
she is only legally liable for her share of the mortgage & council tax (not sure about the building ins). This is classed as "jointly and severally liable."