what would you do?

mat2113

hi,
My partner and i have spilt up. I have a mortgage of £20000 on the house with £15000 in saving, My ex has left the house and doesn't what anything form me. When i bought the house i only did it because she was form that area ( which is not the best ). My neighbours daughter has asked if i would part ex my house for her house plus cash.
My house is a large 3 bedroom end terrace and her's is a smaller 2 bedroom house but it is in a nice area and is right by my sons school, with a park on the end of the street. I am hopping that any cash i get would leave me mortgage free!

Incisor

Before anything else, you should sort out ownership of the property and the mortgage and get it all in your name. Only after that should you deal with the neighbour's daughter. These things tend to get complicated if exs can become involved.

mat2113

Incisor wrote: »

Before anything else, you should sort out ownership of the property and the mortgage and get it all in your name. Only after that should you deal with the neighbour's daughter. These things tend to get complicated if exs can become involved.

The house is in my name only, i have aways paid all the bills and the mortgage. We have no joint accounts or joint savings. I have told my ex about the offer and she has said that as long as her share go's to my son she couldn't care less.

pawpurrs

Sounds like a good idea to me, if you like this house and the price difference is fair, a lot less hassle than trying to sell and all that involves, and no EA fees or hip packs :beer:

Bf109

If it leaves you mortgage free it could be a Godsend, particularly with the world entering a new great depression.

But DO check with a solicitor that all will be ok, divorce-wise.

awais_3

mat2113 wrote: »

I have told my ex about the offer and she has said that as long as her share go's to my son she couldn't care less.

I would get that in writing via her solicitor, won't cost much.

Once done if you think the deal is a good one there is no reason in why you shouldn't go for it.

Debt_Free_Chick

I'd do something quick before someone convinces her that she might be entitled to a share in any equity in the property.

mat2113

Debt_Free_Chick wrote: »

I'd do something quick before someone convinces her that she might be entitled to a share in any equity in the property.

i don't see how she is entitled to a share? the house is on my name only and i bought 1 year before she moved in, i have said that i will give her £5000 to go and help to set herself up somewere. She is the one who wanted to end it. I will always support my son but i don't see why i should support her ( i have done that for the last 6 years ).

Chippy_Minton_2

mat2113 wrote: »

i don't see how she is entitled to a share? the house is on my name only and i bought 1 year before she moved in, i have said that i will give her £5000 to go and help to set herself up somewere. She is the one who wanted to end it. I will always support my son but i don't see why i should support her ( i have done that for the last 6 years ).

That’s a very naive view, she’s probably entitled to half of everything. Take some legal advice before she does.

Debt_Free_Chick

mat2113 wrote: »

i don't see how she is entitled to a share? the house is on my name only and i bought 1 year before she moved in,

Has she contributed anything financially?

Even if she hasn't, a Court might rule that she has made a contribution "in kind" especially if she has stayed at home to raise your son. What's on the deeds is largely irrelevant in this situation as her childcare duties might be classed as a contribution, giving her a beneficial interest in the property.

If she gets a half-decent family law solicitor, they'll be on to this like a shot

I've just realised that we've been through all this, already, on your other thread. The law hasn't changed in the past two weeks