Moved out of home, now OH wont give me half the house value.

Valli

In the first post OP said she wanted half the house.

Now she only wants £25K

If her husband has any sense he will give her that and get a declaration to show she's accepted it in full and final settlement!

Guest101

Clearly its an interest only mortgage.

Anyway to the OP, what you do, to avoid costs. Is move back in to the house, invite round as many of your friends as possible, invite bf round if there is one, treat it like you own it (which you do)

I guarantee he will pay you off, no court costs or anything.

Do you think his new squeeze will like you being there, i guarantee not!

mumofjusttwo

You say there is 3 years left to pay on the mortgage. Is there equity to cover the mortgage at the end of the term as you mention it is interEst only?

Also if you do have money to cover the mortgage where is it being kept. In a joint account?

webtalk

Dont know if relevant but if you claim benefits at a later date there may be questions about why you effectively gave away capital. But I might be wrong.

Just a thought.

Someone in the know can tell you.

BitterAndTwisted

You see a solicitor. You initiate divorce proceedings. You agree a financial settlement as part of the divorce. It might be useful for the solicitor to remind your husband that the starting-point would be a 50/50 share of everything, including savings and his pension. And that you could decide to apply to the court to allow you to force the sale of the property.

A property that was bought 20 years ago, even if on an interest-only mortgage will have increased in value by quite a large amount since then. In fact, I cannot see anywhere on the OP's posts that this property was purchased with an interest-only mortgage



"So for him to say "no you moved out you are getting nothing" isn't true."

No, it isn't. Your decision to end the relationship has nothing to do with your joint-ownership of the property and any other assets he may hold.

Skintski

Move back in. I'd imagine you will find that speeds the process up.

Valli

webtalk wrote: »

Dont know if relevant but if you claim benefits at a later date there may be questions about why you effectively gave away capital. But I might be wrong.

Just a thought.

Someone in the know can tell you.

I thought that too; if, for instance, OP is claiming benefits now then I do believe questions will be asked.

Equally OP could be depriving herself of a pension share; that won't go down well either.

floss2

ABARKIE wrote: »

Hi

This doesnt sound right

You want £25K - Half of £140K is £70K pre mortgage

You need to follow Valli's advice / plan

Thanks

Maybe the OP wants half of what was paid for it when it was bought?

Guest101 wrote: »

Clearly its an interest only mortgage.....

Is it? If the mortgage was only for around £50k, with 3 years left to run, it could be a repayment on a very good rate. Ours is on a lifetime tracker of 1.25% above BR and has been since around 2000, with 2 years left to run.

blueybug

I only wanted 25,000 for an "out of court settlement/easy get out" If he fails to do this then yes i'll take half of the house value 140,000 ( valued June 2014 ) and yes the morgage is small as we put down a large sum when we brought the place 17/18 yrs ago.
Then it only cost 32,000.
Ive and I mean I have ploughed lot of cash into the place, but I left in November 2012 due to stress (doctors advice) and he having an affair (which he still is).

I could be the !!!!! from hell and want everything but I'm not. Ive moved on ( NO I work 40 hrs a week, I am single and happy! and Ive found a lovely house to rent ). My life since moving out is so much better and he too has had a better life, so I just want it over and done with quickly with no hard feelings at all.

neneromanova

Might be a bit personal and I'm sorry, but how old are you?