I Want A New Mortgage!!

I found this site today so thought I give it a try! In December 1988 I brought a property in joint names with my now ex-wife for #53,000. My ex and myself split in late 1996, I remained in the property and by the start of 1997 I was unable to afford the mortgage by myself. Our original mortgage was in two a main amount and a top up amount. We were taken to court and repossessed, I moved out in October 97 and the property was sold in November for #23,000. Since moving out I have not heard anything what so ever from the Mortgage Company. I have written to them with my new address (a copy of which I have). Im now in a new relationship and would like to buy a new property but I am worried that if I start applying for a new mortgage they will start chasing me for the outstanding #30,000. Any thoughts? I am able to still get credit cards so is it on my records? Is repossession counted as a county court judgement? There was a mortgage guarantee paid at the start of the mortgage. The mortgage was an endowment. Today I found out that although I now longer pay anything into it, it is still worth #4,300, I was unaware that the policy is still open! I was under the impression that when I was repressed the endowment policy would go to the mortgage company. I am divorced form my ex-wife but she has now got two children (not my children), in a council house, and only works part time. If the Mortgagee Company start to chase me for the outstanding #30,000, will it be split equally between us? Or is it as I think that they will stand a better chance of getting the money from me and therefor chase me more than here?

Any thoughts would be greatly appreciated

Dave Cox

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