Buying partner out

bones65

My long term partner and myself have deiced to split after 7 years. We both hold a joint mortgage a Joint tenancy so we are both entitled to 50% each of equity which wont be much. I have offered to buy her out after seeking legal advise at a very attractive rate more than what she would get if we sold as we would have to take into account solicitor and estate agent fees. She has refused and wants to put the house on at a hight level then has been valued so we will have no hope of selling it. Also she does not contribute towards the paying of the bills all soley down to me. I have now asked for half but she is dragging her feet. In the mean time i am left with paying everything whilst she goes out spending her savings. Can she put the house on the market at a higher unachievable price in these current market conditions. Should i stop paying the mortgaage to force her hand my credit ratings is shot to hell anyway as im currently on a DMP but hers is clean.

BitterAndTwisted

Whatever happens DO NOT STOP paying the mortgage! Suggest to your partner that she arranges her own valuation of the property. This might get her to see your offer as fair. It makes absolutely no sense to put the property on the market with a completely unrealistic asking-price, as this will only delay the inevitable.

hazyjo

Are you sure you'd even be able to keep the mortgage? Has your salary increased enough in 7 years to be allowed to take on the whole mortgage (not a case of you saying you can afford to, it's the bank's decision).

Agreed - don't stop paying the mortgage, whatever you do!

Jx