Tricky one - advice gratefully received

pinkshoes

Why did you agree to such a ridiculous set-up in the first place??

If you'd rented it out privately, then although you would have had to pay half the mortgage each, you also would have received half the rent. My ex and I had the same situation, but he rented the property we owned together, then we got half the rent each, and paid half the mortgage each. He paid all the bills, as he lived there, then it was up to him whether he got a lodger or not.

This is between you and her, and nothing to do with him.

Personally, I'd just rent your other place out, move back in, and kick him out, and tell her that he's not permitted to visit.

You've been well and truly taken for a mug, treated like a door mat, and it's about time you grew some balls and stood up for yourself!

pimento

So if there's only £25k each of equity (profit if it's sold), why is £85k not enough for you?

dodger1

She doesn't hold all the aces. Just force the sale of the property. You can do it through the courts quite easily, she's not budging so just do it and until it's sold just pay your half of the mortgage and no other bills, they aren't your responsibility. Just do it, I can't believe you haven't already, it just doesn't make sense.

dodger1

pimento wrote: »

So if there's only £25k each of equity (profit if it's sold), why is £85k not enough for you?

Wow missed that, OP would get an extra £60k just by saying yes to her offer. Well spotted.

China2

I agree with everyone else on this, it isn't really that tricky.

Continue to pay the mortgage but I have no idea why you would pay any other bills. Think of it this way, if you had a tenant in you didn't know and they said they were only going to pay half the bills, would you pay the other half then? Of course not.

RAS

Mghreen

I assume that you did take your name off all the bills except the mortgage?

RedwoodBrook

inspirespirit wrote: »

it does NOT require both signatures for house to be put up for sale. we have just been through this. It does require both signatures for the contract.

But the outcome is the same - she can't actually sell the house without him which is all I was worried about.

Mgreen17_2

Originally Posted by pimento
So if there's only £25k each of equity (profit if it's sold), why is £85k not enough for you?
Wow missed that, OP would get an extra £60k just by saying yes to her offer. Well spotted.

---

The house is worth £250K.
We both put in 25K each originally.
So in effect we have 100K mortgage each and 25K equity each.

I don’t understand the math’s in selling my half for £85K - sorry.

She would just sell it straight away for the full 250K making a tidy profit and I would lose all the £25K i put in originally. I just can’t afford to do that. Plus it’s completely unfair anyway.


In truth this is the situation my brother is in - He has massively been his own worst enemy during the whole process no one in the family denies that.
My only sympathy is that he is now finally trying to sort this and he is just coming up against completely belligerence. Just NO NO NO to any solution that isn't hugely weighted in her favor.


For example at one point he was going to buy her out.
She wanted 130K for her half if selling to him - but was only offering 85K for his half should she buy from him.


It seems he either, 1) bends over and takes it squarely up the backside. Or 2) or just behaves equally unreasonably.
Neither of which are good options.
(I think its option 2 - PARTY round his place every night for 3 weeks would be a start).

IMHO she is still peeved off he dumped her and wants to punish him.

Cheers all for the input.

Ulfar

Really confused, if there is £50k equity then either one of you buys the other out for £25k and takes on the whole mortgage if possible.

No way should you be paying anything towards utility bills, if your name is still on the bills advise the companies you have moved and that your ex is responsible as the occupant of the house.

Neither of you owns half a house the bank owns 4/5 and you both own 1/10th. The bank will not remove their charge unless the debt is settled.

dodger1

Mgreen17 wrote: »

It seems he either, 1) bends over and takes it squarely up the backside. Or 2) or just behaves equally unreasonably.
Neither of which are good options.
(I think its option 2 - PARTY round his place every night for 3 weeks would be a start).

IMHO she is still peeved off he dumped her and wants to punish him.

Cheers all for the input.

Why do you keep ignoring the third and correct option of forcing the sale and then getting half the equity. That way you aren't acting unreasonably.