my husband wants to buy me out of house.help needed

londonloz

Thanks so much for replies.
I have given him the option of selling and sharing equity equally and his reply was "I need somewhere to live" He does not care that i will be homeless! I then told him that I would see him in court. I then retracted that as realise that i will have to pay for that. Terrible that i did not lie or cheat or want divorce yet I have to pay costs! Shocking!
You are so right, he is being an!!!!, I can't believe that I married someone so cunning!

I feel more powerful knowing that he does not have to pay stamp duty, yet again he is trying to manipulate and lie to me. Thanks.

Yes, he can afford to buy me out, he earns £50k, though he says he has no money, yet he has savings, shares and has just bought himself a new car and motorbike for cash!

The house was valued about six weeks ago. I arranged it with two different estate agents.

dmg24

Estate agent valuations will inevitably overvalue the property. In the current market I would knock 10% off the valuation, and therefore would be looking at your share being £50,000 at most.

londonloz

Would the mortgage company over value too? they gave the same when i rang them? I am asking for £50,000 from husband, and i will also be leaving all furniture and white goods!

Most of our things are new! Bed was bought for £1,000 one month before he confessed. We also have new carpets, only laid this year.

BitterAndTwisted

If I was married to that **** I'd walk away with a fiver and think myself lucky to be rid of him forever. But £50k sounds like a nice number

paddy's_mum

Don't get too upset at having to pay court costs at this point. If you are (my assumption here admittedly) divorcing him based on his adultery, you are at liberty to ask for your costs to be paid. Most judges will award costs against the 'guilty' party or at least make sure that you both pay out roughly equal amounts of money in legal and other fees to resolve outstanding issues.

Perhaps you could look at the court fees as a flippin' good investment if it rids you of this unwanted appendage! Good luck and I'd be going for 50/50 right down the middle too.

skintscotslass

Hi there

What about pensions, savings, cars, furniture etc? My understanding is that assets should be split 50-50.

Good luck xx

BitterAndTwisted

Don't forget the motorbike! I'd be enjoying the mental picture of taking a chainsaw right down the middle of the ruddy thing.

mogadon

Properties involved in divorce settlements are specifically exempt from stamp duty.

http://www.hmrc.gov.uk/sdlt/reliefs-exemptions/no-sdlt-return.htm

Divorce or dissolution of a civil partnership

When a couple get divorced or separate - or end their civil partnership - and the parties agree to split their property and land between them, or the property is split under the terms of a court order, it's exempt from SDLT and HMRC doesn't need to be notified.

MrsTinks

I hope you pointed out to him you want half his new car and half his new bike Half of all assets from the day you got married Ofcourse if you have savings etc squirreled away those would need to be taken into the equation too...

AFAIK then "guilt" doesn't come into it when splitting assets in divorses... I think that only applies in the US I could be wrong though... (if I am I would love to see the link to official statements about it )

londonloz

Ah thanks to you all, feel so much better this evening! I am of the mindset now that i want out as soon as possible, that's why I am just going for the equity, though it's going to be a battle I don't want to walk away with nothing and him getting everything!
You are so right about court costs being a good investment...I want him out of my life for good ASAP! Yes you are also right that I am divorcing him for adultery. I tried to save our marriage, he told me it was just one, his friend (thankfully) told me it was another eight women before her, I confronted him and he said that was right.....Yuck Yuck Yuck!