Renting my half of the mortgage to the other owner

Sunnylooloo

Good luck with all this

My ex husband moved out of my house - which was on the market - it has been on for some time as he was dragging feet about our financial settlement - so therefore I would not sell the house until this was done.

My new partner moved in. My husband had removed all his belongings and ceased paying anything at all towards the upkeep or the rent of the house - this was fine. He then wanted to charge me occupational rent............

well quite frankly - he could jog on - and lots of costly letters later... via the solicitors - he backed down - we agreed financial settlement and he never claimed a penny occupational rent from me.

Obv we were married so slightly different.....

Personally........... I would either get the house sold whilst you are both living there - there is always bad/bitter feelings when one party is in the house with a new partner...............

jivebunny

Sunnylooloo wrote: »

Good luck with all this

My ex husband moved out of my house - which was on the market - it has been on for some time as he was dragging feet about our financial settlement - so therefore I would not sell the house until this was done.

My new partner moved in. My husband had removed all his belongings and ceased paying anything at all towards the upkeep or the rent of the house - this was fine. He then wanted to charge me occupational rent............

well quite frankly - he could jog on - and lots of costly letters later... via the solicitors - he backed down - we agreed financial settlement and he never claimed a penny occupational rent from me.

Obv we were married so slightly different.....

Personally........... I would either get the house sold whilst you are both living there - there is always bad/bitter feelings when one party is in the house with a new partner...............

Thanks Sunnylooloo,

It does sound a similar situation. It's very interesting to see that he had trouble bringing occupation rent into the equation at a later date and you were able to avoid it.

It's a complicated situation but I'm very aware it could be a lot worse. I don't want to get screwed over but compared to other people's arrangements it also appears relatively fair at the moment, if slightly weighted in her favour.

It would be so much more clear cut if the other bloke wasn't there but sometimes I wonder if I should care about him benefiting. Am I cutting my nose of to spite my face? It won't really affect me as long as they don't find a way of taking it off the market and staying in the house. I'm pretty confident we can sell it within a year, if not before.

If I stay in the house there's always the risk we could fall out properly and suddenly she may get more unreasonable. Having said that if I move out and then she decides to turn unreasonable, I fear I could end up in a much worse position.

Sunnylooloo

Hi

Occupational Rent - is quite hard to get unless you are all in agreement.

If you move out will you pay the mortgage? or just let your OH pay everything? This is what my ex husband did - he is still entitled to half the profits from the sale in in essance he is getting rent (ie he has not paid a penny towards to mortgage in over 3 years and this was my argument)

Also factors are taken into account such as whether it is an interest only mortgage or re-payment.........

If you do move out, I would def take all your belongings - if you leave them there then if they are used and damaged even for fair wear and tear that will be your look out.

I know how you feel about your ex's new partner and I know it will grate on you, but as you know the relationship is over and you know eventually you are both going to be moving on - wouldn't it just be best to be the bigger person and get on with your life - honestly i know over 4 years in a very bitter divorce - with no kids - no assets - just debts! which mounted in solicitors fees too.

Obv you have to protect your interest in the hosue and obv the best thing for this is to get the house sold and if you ex is living there you must make sure she is putting the effort in to letting viewings go ahead and not delaying the sale.

Good luck with this!! I don't envy you.........

jivebunny

Sunnylooloo wrote: »

Hi

Occupational Rent - is quite hard to get unless you are all in agreement.

If you move out will you pay the mortgage? or just let your OH pay everything? This is what my ex husband did - he is still entitled to half the profits from the sale in in essance he is getting rent (ie he has not paid a penny towards to mortgage in over 3 years and this was my argument)

Also factors are taken into account such as whether it is an interest only mortgage or re-payment.........

If you do move out, I would def take all your belongings - if you leave them there then if they are used and damaged even for fair wear and tear that will be your look out.

I know how you feel about your ex's new partner and I know it will grate on you, but as you know the relationship is over and you know eventually you are both going to be moving on - wouldn't it just be best to be the bigger person and get on with your life - honestly i know over 4 years in a very bitter divorce - with no kids - no assets - just debts! which mounted in solicitors fees too.

Obv you have to protect your interest in the hosue and obv the best thing for this is to get the house sold and if you ex is living there you must make sure she is putting the effort in to letting viewings go ahead and not delaying the sale.

Good luck with this!! I don't envy you.........

If I moved out she'd pay the entire mortgage + bills. I'd just pay my half of maintenance and ground rent, which is about £25 per month.

If there was a legal benefit to it I would actually ask her to pay me half of the mortgage (or the agreed amount) and I would then transfer that into the joint account from which we pay the mortgage. Then she's paying me rent and I'm still paying my half of the mortgage.

The mortgage is 75% interest only. We only pay off about £50 a month on it. Irrespective of how long she pays for the entire mortgage this must not affect the 50/50 split of profit. I'd get a small benefit from the £50 repayment but in reality it'd only pay me back for the ground rent and maintenance.

Good point about moving stuff out. We haven't decided how to split joint purchases on furniture yet and having them in the house makes it look better for a sale, which is the priority. Perhpas anything not benefiting the look of the house I should look to move out, assuming I can find somewhere to put it. Maybe I should start spamming the classifieds and gumtree to sell some stuff off to make me a little more mobile.

Thanks for your help sunnylooloo (and everyone else). I'll be sure to update the thread when this all concludes further down the line.