splitting house value

Jerky

My partner is splitting up with me. we have a mortgage in joint names but I make all payments, she is forcing me to sell the house I have offered a reasonable amount to go but she is after 50% of the value? The houses on our street are valued at £200,000 but sell for an average £160000 (buyers market). can I be forced to sell? she is being awkward re access to my son payments etc. there is no DV or other women, my only problem has been to work my !!!! off to provide for the family.
:mad:

Caz3121

your thread a couple of months ago - https://forums.moneysavingexpert.com/discussion/4831449

The "norm" would be for either the house to be sold to give each party their share of the equity or one party to buy the other out by taking a mortgage for the outstanding mortgage plus half the equity

You could in theory be forced to sell but this would involve a court process so could be costly for all. If your ex wants to move on (and no longer have responsibility for the mortgage) then her name needs to be removed from the mortgage some way, if you can do this bu increasing your mortgage to buy her out you can avoid having to sell

FBaby

As a start, she can claim 50% of the value of the sale on the basis of being joint tenants (rather than tenants in common). It is then up to you to justify differently. If she doesn't agree to less, you will need to make your case in court. You say you have paid the whole mortgage, but did she pay say all the household bills. Did she ever contributed towards, repairs, maintenance etc... To justify her getting less, you will need to show that overall, she contributed less, and that there was an understanding that although her names was on the deeds/mortgage, it was really your house.

fluffnutter

Jerky wrote: »

The houses on our street are valued at £200,000 but sell for an average £160000

If they're all selling for forty grand less, they're being over-valued then. The value of a house is what it and similar sells for.

Prothet_of_Doom

fluffnutter wrote: »

If they're all selling for forty grand less, they're being over-valued then. The value of a house is what it and similar sells for.

The usual trick is to say "You reckon it's worth £200K? Fine. I will sell it. You'll have to wait" Then you fine the worst EA get some really bad pictures taken, and wait

C_Mababejive

How old is your son? You have an obligation ot provide for him and that may well include a roof over his head and the head of his mother. Has/is his mother working?

I suggest you google TOLATA and read some case law. If and when she finds a solcitor,it could get messy. Has she asked you to move out yet?