I left my wife at the beginning of May this year. She is living in the property that we have a mortgage on, along with my 20 year-old son. I am paying the mortgage, which put bluntly, is crippling me. I carried on with the mortgage because I felt desperately guilty about what I had done, and to give my wife a chance to work out what she wanted to do next, as well as the fact that she does not earn a big salary and would struggle to get anywhere near the payments. Notwithstanding her view when I left that she would never feel able to be emotionally involved with someone again, she has nevertheless met a man with whom she nowplans to live.
She has now said that she would like to make payments herself towards the mortgage. Superficially, this is attractive to me (there is no chance that we will get back together after all), BUT: the deal is that I allow her new partner to live in the house. The logic here is that he is well equipped to do building work and can do the necessary on the property to bring it up to a condition where it will achieve full market value. At that point, she would look to buy me out. The property is in joint names.
As I say, superficially attractive. However, I am concerned that in allowing this chap in to live at the house, AND having my wife make payments to the mortgage that I will reduce or even negate my rights of access to the house as well as compromising my entitlement in any final financial settlement.