Separation Advice

StevesRR

My partner and I are separating and I need advice. We have a shared house which I have been paying 2/3 of all the bills. We shared the house deposit 50/50. I am hoping to buy here out, but need to work out how much I will have to pay here. What is she entitled to?
I've had three valuations done, but they only tell us the asking price, not the actual value of the house. How do we work out the actual house value?
I figured any belongings we brought into the relationship go back to the person who brought them, but enverything else I payed 2/3 of. How do we split it up.

I was hoping we could keep things amicable, but she is now talking about solicitors, which I wanted to avoid.

Any help or advice will be appriciated.

Cheers

Steve

libra10

There are various websites where you can list your area, postcode etc. and they will list your local area and the price properties have been sold for.

Here are a couple

http://www.nethouseprices.com/
http://www.ourproperty.co.uk/

Hope one of them is useful for you

Good luck

StevesRR

Cheers for that, but unfortunatly there has only been one house in our road sold in the last year and is was a different design.

mummysaver

Would suggest a solicitor or some kind of mediator to stop everything descending into arguments, a lot of solicitors specialise in family law and often offer the first hour/consultation free, give them a call and see what they suggest, often friends and family, though well meaning, can just muddy the waters and end up causing arguments.

Hope all goes okay for both of you.

hobo28

How amicable is it? Its sounding pretty amicable so far in which case I would not get solicitors involved. I remember talking to a solicitor once who quit matrimonial work, she said the final straw was a couple arguing over who would take the dog kennel. The thing was, they no longer had a dog!

As for valuations, you could hire a surveyor to do a basic home valuation like your mortgage company would. This will give you the real value as opposed to the estate agent's price. Another way is to take the average of a few agents price then chop some off since everybody haggles. At the end of the day, if you can both agree then it makes life much easier.

hope that helps

StevesRR

Sunday was amicable, yesterday wasn't, but today is amicable again. Its very difficult to avoid getting frustraited by it all.
The 3 valuations we have had vary by £30,000, so we've averaged all the high and low figures and come up with a figure we agree on assuming she is entitled to 50%. I don't know whether there is a way we can make it official so I know where I stand financially.
My next problem is there is a penalty on the mortgage. I'm off to see the mortgage adviser tomorrow, but I'm hoping that if I'm taking over the whole mortgage I won't have to pay it.

Cheers for you advice everyone.