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Partnership and house equity
oap
Posts: 596 Forumite
Our son is divorced and has been for some time, he has been living with his current partner for almost seven years, she has not bothered to get divorced!
She has two daughters, one 10 one 14, there have been problems for a long time in the partnership, he shares the mortgage payments of which he pays 60%. She works part time. The mortgage was transferred at the start of the partnership from her ex husband.
Our son now wants to move away from this partnership for many good reasons, his son is 17 and there is no problem here.
Is it possible in this situation for them to put the house up for sale oay off the mortgage and share half the equity, or does the fact that she has two daughters and would be made potentially homeless even though taking half the value in the house, stop him from selling the property. We would think that these children are not his responsibility, they live with their father part of the week. Does the partner have any rights because they have been together for nearly seven years.
Any help would be really appreciated. His partner is aware of the situation, but it is early days.
Thank you
oap
ps if this is not the correct question for here, could you please let me know where I can ask this question, thank you
She has two daughters, one 10 one 14, there have been problems for a long time in the partnership, he shares the mortgage payments of which he pays 60%. She works part time. The mortgage was transferred at the start of the partnership from her ex husband.
Our son now wants to move away from this partnership for many good reasons, his son is 17 and there is no problem here.
Is it possible in this situation for them to put the house up for sale oay off the mortgage and share half the equity, or does the fact that she has two daughters and would be made potentially homeless even though taking half the value in the house, stop him from selling the property. We would think that these children are not his responsibility, they live with their father part of the week. Does the partner have any rights because they have been together for nearly seven years.
Any help would be really appreciated. His partner is aware of the situation, but it is early days.
Thank you
oap
ps if this is not the correct question for here, could you please let me know where I can ask this question, thank you
0
Comments
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How much equity was in the property before your son took over his partner's ex-husbands share? How much equity is in the property now?
I don't think your son would be expected to house his ex-partner's children, but forcing her to sell could be problematic. Could she not buy him out?0 -
Apparently not, it was her and her ex house originally then our son took over the mortgage with her, even though he has paid the larger share for the last seven years. It was all properly and legally done with the mortgage company.
Thank you for your reply, we really appreciate it.
oap0
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