helppppppppppp !!!!!!!!!!!

G_M

So she has paid 70,000

You have paid 10,000 + 42,000 (estimated mortgage payments over 4.5 years @ 3.8%) + 4000 + 11,000 (monthly bills * 4.5 years) = 67,000

So near as damn it you've each paid half.

If the property is now worth 160,000 then 80,000 seems fair.

Though I've done a lot of guessing!

And having read clutton's post above I agree and am asking myself why I bothered!

DVardysShadow

blueboy111 wrote: »

she wants 80,000 i offered 60,000

I reckon she should get 82,000.

blueboy111

thank you all sorry about my crappy spelling

Pitchshifter

clutton wrote: »

i really cant be bothered to try to help someone who puts so little effort into getting the "story" into some sort of comprehensible english.....

I agree, a little bit of basic grammar is all people need to make themselves understood.

blueboy111

sorry did say sorry ;-(((

G_M

Well 'crappy' was spelt just fine!

I think the problem was not the spelling or grammar but the lack of information, unanswered questions and confusing numbers (she contributed 70,000 or 700,000 !!?)

blueboy111

seventy thousand ,please dont get angry

antrobus

First of all, I'd say that what you need to do is agree on a method for deciding on how much the house is worth. As in, get three estate agents valuations and take the average, or whatever.

I expect her maths might be; House worth £148 k - Less: Mortgage £48k - Less: Her equity £70k - Less: His equity £10k - leaves joint equity £20k - half of that is mine, so give me £10k plus £70k which is £80k. Which sort of makes sense. Ditto you could well argue that she owes you half of the mortgage interest, council tax etc you've paid over the past 4.5 years. Besides the £20k equity is simply the profit on your previous property (bought 80k, sold for 100k) you might well argue all that is yours depending on how you financed the purchase of that property.

The thing is I don't expect that she would settle for less than the £70k cash she invested in the first place. If you could agree on £70k, you could at least look at it as the repayment of an interest free loan.

blueboy111

thank you, sounds about right

googler

antrobus wrote: »

First of all, I'd say that what you need to do is agree on a method for deciding on how much the house is worth. As in, get three estate agents valuations and take the average, or whatever.

No.

If you need to rely on a valuation for any legal purpose such as the above, inheritance tax, executry of an estate, etc - get a valuation from an RICS Surveyor.