Divorced - Property issue

MRichard

Hi there, I had a separation from my former wife in 2007. We had a house in joint name from 2002. I moved to a nearby city in 2006 where I bought flat in my name releasing some equity from the first house. She subsequently moved out of the house after 6 months to another job (both of us are professionals and no children). The separation agreement was to sell the property and get the valuation done for the property in the city. Add the equity in both properties and split it into two. I get to keep the flat in the city and if the equity in the flat is higher then I would pay the difference. Till the house is sold, I have to pay for the mortgage, council tax, gas electricity and other expenses to maintain the property. Both parties take reasonable effort to sell the property.
So now we were at equal footing she will get the house and I get the flat.
In the beginning she refused all potential buyers for the house thinking it will fetch more.As the housing market collapsed, it was difficult to sell the property. So when we reduced price from 215K to 205k, there was buyer willing to buy the property in Jan 2010, she would not agree to sell the house for that price but the estate agent charged me their commission of 1.5%(£3100). We have not rented the property out, in the hope of selling. As it had not sold for almost 4 -5years, I asked another estate agent how much it will sell now and was told that it will be £185k. She does not want to sell it at this stage. Obviously, I have been paying money for the upkeep of the property and she does not pay anything and is advantageous for her to wait. I asked her to take the property in her name to release me and do what she wants with that as I believe that both properites have equal equity and then we will be square. She does not want to do that.

I finding it hard financially to maintain this house and my flat at the same time. Is there any way I could write the house in her name so that she can either rent it or sell it as per wish.

Kindly let me know if I can do anything to come out of this as I am in a limbo ..:mad:

RAS

This should have been sorted out properly as part of the financial settlement attached to the divorce.

You need legal advice.