split up with partner.

lukese

i know its all messy. im not happy about coming to the decision of selling, but the way im looking at it if i take on the whole mortgage in a few months time i could loose my job and loose it all and be liable for the lot, and she will walk away oweing nothing, so i think it will be better if we sell it split the debt and both walk away.

silvercar

You would have to come up with a way of clearing the mortgage, so if the property sale price + estate agents fees + legal costs + any mortgage redemption fees is greater than the mortgage you will both have to agree a way to fund the difference. each of you taking a personal loan to pay a share of the difference is the most obvious answer.

pinkshoes

Have a look on zoopla.co.uk or houseprices.co.uk and find what something similar in the area has sold for recently, then yours will probably sell for less than that. Based on your prediction of the lowest it will sell for (be realistic!), you'll then both have to take a loan out for half the loss each, which will need to be paid on completion. Don't forget to allow for solicitors fees too.

lukese

this is all still really early days but i am 100% there is no going back, her feelings have changed mine havent, but gotta get on with it. my last questions are.

whist where waiting for this to all happen im assuming the bills should be split evenly, ive emailed her not asking for money, but explaing that this mess isnt gonna get sorted out over night and to expect to have to pay near on a grand at the end of the month, this consists of half of the mortgage, half of the service charge witch is due middle of the month and half of the grand rent. is this exceptable, the only reason im doing this is that im not living there so not benifiting from it, nor is she but i dont think i should pay for it all obviously. at the same time im not gonna get into arrears over it and thnk she will pay.


do you all think this could get sorted inside the month? also is it fair to phone up our utility companys give meter readings and get last bills for the time we were there together and split them?

i am now considering keeping the flat again it seems a lot to throw away i can raise the negative equity easily enough and start again as long as the mortgage company will let me. when this transfer of equity is complete im under the understanding they will be chasing her for her half of the negative equity, i dont belive that she will try and dodge any payments but i just have so many questions running round my head and she seems to be enjoying her self!

thanks for all the info people.