unmarried & splitting up. who gets what?

JaneRN

I didn't buy my ex out, he handed the property over to me, but I put the deposit down I was the main breadwinner and we only lived in the house two years before he left. Our divorce was a clean break, so we were both happy no walk away with no baggage. I stayed in the same house and the process was relatively painless, in fact I can't really remember that much about it.
What I'm trying to tell you is your GF has nothing financially to gain from the property at this moment. If you were to sell, assuming the market value is £95K and you get an offer at that (probably less than asking price but lets assume). The estate agents fee is 2-3.5% of the seeling price, so lets say £2k. Then add in other legal fees, there is £2 - £2.5K to share between the two of you.
Your GF has chosen to walk away and sounds like she wants a clean break, so I don't see why you can't start the process now. Why would she loose her bursary if the house was signed into your name only, as no money is being exchanged? At the most she would expect to gain £1K, as you are allowed to have an income while receiving a bursary I don't get were the problem is.

zzzLazyDaisy

I agree - you have the opportunity now to make a clean break with neither of you having to pay the other anything, and you can both get on with your lives.

Over 14 months the market is unlikely to rise sufficiently to add significant equity to the property, but there is a real risk that you will both have to find a few thousand in cash to make up the shortfall in order for you to be able to remortgage, if the market falls in that time.

But at the moment you don't know what you are dealing with. The first step is to speak to your current provider and see what they have to say, and also to get a valuation so you know what you are dealing with (you may already be in negative equity).