Relationship Breakup - House situation

Dimity

Cut your losses and move on. is it really worth scwabbling (i'm sorry but i don't know the right spelling!!) for a few £K with a person you obviously no longer want to deal with? you are ahead in the moneystakes, no? you are best dividing your assets asap and not speculating the house has "gone up by 30K". In the property market time waits for no fool, get an agent in & get it sold, the sooner you are free of the hassle the better.
best of luck.

chugalug

It might be best to cut your losses. If you are both on the mortgage neither of you can sell without the consent of the other. If you can't agree how the proceeds are going to be divided then you will need to instruct a solicitor so that a court can order a sale and division of the proceeds. This will cost you big bucks!! Do you really want to throw your equity away just to prove a point? Good luck and let us know how you get on.

sarah1

Hi Anthony,
What i would do is get a few estate agents round and get the lowest valuation in writing (talk them down instead of up)by telling them that you want a quick sale so that they will give you a lower quote . Then discuss it with her and show her the figures in black and white, you say it has risen by about 30k, so i would say 25k. Half this (12.5k) minus her outstanding 2k gives you 10.5k.
Offer her 10k for a quick painless split and if she really want's another four legged friend and her expensive lifestyle she should rip your hand off.Remind her that things take a really long time and expense if you have to go through solicitors and stuff and she may get less .Hope fully she should take you up on your offer.
Count you lucky stars that you didn't waste anymore time and money on her , and make a fast clean break if you can, Good Riddance. :T
Good luck, I hope all goes well.

Rebecca22

Hi,

When you bought the house you would have selected whether you would like to hold it as joint tenants or tenants in common. For joint tenants, if the house is sold any equity in the property should be split equally, whatever either party has paid in. For tenants in common, each party takes away a proportion equal to what they have contributed. The best thing you can do is try and talk to her reasonably, as it is hardly ever worth the time, hassle and expense of taking something like this to court.

jockettuk

this sounds so familiar..this happened to my cousin his wife also got into horses and one day he came home and she had left .. They do have 2 kids and they were married.. she chose to live in a caravan to feed her habit of horses.. he went to a solicitor and he wanted to keep the house so the kids had somewere secure to call there own so to speak.. in the end this is what happened..the house got valued ... the existing morgage was taken off that .. the cost of the solicitor fees was taken off.. and in the end she was offered a sum.. she argued she wanted more.. so the solicitor took off the bills etc .. the more she argued the more he found to take money of the figure and in the end she ended up with £3000. she took this signed it all over to him and they both moved on with there lives ..

get a solicitors advice.. sit down work out all the figures first you might find she wont get as much as she thought she would

zzzLazyDaisy

There is a major difference - the couple were married. The courts have the power to adjust property shares on divorce. This does not apply in the case of unmarried couples. That means that the general law applies and the proceeds of sale will be allocated according to how the property is held/registered.

jockettuk

yes the couple were married but when you live together and you have a house together you are classed as married.. the courts will split the difference abt the house weather married or not...