PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

HELP! ex turning nasty over house sale

124»

Comments

  • g0009348
    g0009348 Posts: 109 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    she earns about 28k, but has a savings account with some money in (dont know how much) and may have access to additional leading. She is confident she can get a mortgage.

    i paid exactly the same deposit as my partner, but on top of our deposits added together, my parents lent us some money to get us to a 25% deposit
  • Mallotum_X
    Mallotum_X Posts: 2,591 Forumite
    Part of the Furniture Combo Breaker
    I think you need to sell the house, she is going to need a 5x mortgage for it, which is not going to be easy.

    How was the 2k repaid to your parents, was it from you, her or a joint account, that may be useful to demonstrate that this money was regarded by everyone as a loan.
  • g0009348
    g0009348 Posts: 109 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    it was paid by direct debit out of the joint account, same amount each month
  • Mallotum_X
    Mallotum_X Posts: 2,591 Forumite
    Part of the Furniture Combo Breaker
    g0009348 wrote: »
    it was paid by direct debit out of the joint account, same amount each month


    Did you add a narrative of "Loan repayment" or somehting like that to the payment.

    It doesnt sound like your ex is disputingthe loan exists, but getting together as much proof as possible that it was a loan may be helpful.

    But really do see a solicitor, if your ex cant get a mortgage, you may have to sell.

    If she tries to keep the current mortgage with your name on it and then defaults you may be liable to pay.
  • g0009348
    g0009348 Posts: 109 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    its says IOU
  • Beckyy
    Beckyy Posts: 2,833 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Could she be persuaded to sell?

    It doesn't sound like she can afford to buy the house off you and your parents?
  • g0009348
    g0009348 Posts: 109 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    by the manor of he replies, i think she is going down the gift route. Better get myself a solicitor, does anybody have any recommendations?
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.