How to split with your partner?

kingbuxton

There is £28,400 equity in there. We will have to pay £1200 fees to process this all through.

I offered her 12k and I would pay all the fees in cash but she wants to go to a solictor and is massively dragging her feet on it all. I dont know what she thinks she is entitled to?

Help

Thrugelmir

kingbuxton wrote: »

I dont know what she thinks she is entitled to?

Perhaps she's having second thoughts. As there's a case she's entitled to far more at the current time, factoring in the welfare of the kids to the equation.

kingbuxton

She isnt keen on the hassle of it all certainly, and she most definately doesnt want to remain in the house (its 30 miles away from her family leaving her surrounded by mine.)

dearlouise

kingbuxton wrote: »

She isnt keen on the hassle of it all certainly, and she most definately doesnt want to remain in the house (its 30 miles away from her family leaving her surrounded by mine.)

Just because she doesn't want to be in it, doesn't mean you can have a nice easy deal for a good price.

What deposit was put down? Who contributed what? What equity is available? Is she keeping the children? Where will she live in the future should she want to house her & your children on her own?

She could in theory force the sale of the house. I would tread carefully and be extremely generous in any offer if you genuinely want to keep the house - even just on the grounds the children will be with her!

kingbuxton

dearlouise wrote: »

Just because she doesn't want to be in it, doesn't mean you can have a nice easy deal for a good price.

What deposit was put down? Who contributed what? What equity is available? Is she keeping the children? Where will she live in the future should she want to house her & your children on her own?

She could in theory force the sale of the house. I would tread carefully and be extremely generous in any offer if you genuinely want to keep the house - even just on the grounds the children will be with her!

A nice easy deal for a good price? I think you mean amicable break up for the sake of everybody (including the children.)

What deposit was put down? 5k by her
Who contributed what? Me, everything.
What equity is available? 28k as above
Is she keeping the children? Yes unfortunately

She doesnt want to remain in the house for certain. If she would rather sell then so be it. I am confident she would get less, but at this point I dont care, I want this process to be swift and painless.

pivotalgubbins

You question what 'she thinks she is entitled to' but at the same time it took you about 4 posts to inform us what the equity level in the property was.

Have you sat down and talked her through the full position? This will include showing her the outstanding mortgage position, a reasonable valuation of the property, an estimate of the fees and any other relevant information.

She should not necessarily be responsible for half of all the fees in my opinion - whilst she may be expected to contribute towards any early repayment charge and solicitors fees for coming off the mortgage, I would probably expect you to pick up any new mortgage fees and solicitor costs from your side.

Your offer of £12,000 on equity of £28,400 doesn't seem unreasonable on first glance but you do need to sit down and ensure she fully understands it all as (in her mind) she might be wandering why she isn't getting £14,200 (being 50% of the equity).

Good luck sorting it all out but do remember to take your time and keep your head. You've both sorted out so much if would be so foolish to make things bad between you now. Also, if she wants solicitors advice then she has a right to seek it (in fact, it may be insisted on at some stage in the process).

Thrugelmir

kingbuxton wrote: »

I am confident she would get less, but at this point I dont care, I want this process to be swift and painless.

Then perhaps you should seek advice as well. As assumption is dangerous.

kingbuxton

I am trying to be so amicable about the whole thing. I have explained everything in depth to her, but she is so unsure she wants to see a solicitor before she does anything.

Out of curiosity, if anybody knows, what difference would it be if we say sold it for 100k, with the equity as it is.

Personally I think it would be best for the kids if I kept the house (they would keep bedrooms there, keep contact with local friends etc) but I am prepared to sell if that sorts it.

One things for sure, its a miserable process.

pivotalgubbins

kingbuxton wrote: »

I am trying to be so amicable about the whole thing. I have explained everything in depth to her, but she is so unsure she wants to see a solicitor before she does anything.

She has every right to do this!

From an outsider's perspective, it sounds as if you are trying to 'sell' the idea to her. Let her go and get advice, maybe get a valuation and then hopefully come round to your way of thinking. There is no rush.

kingbuxton wrote: »

Out of curiosity, if anybody knows, what difference would it be if we say sold it for 100k, with the equity as it is.

Personally I think it would be best for the kids if I kept the house (they would keep bedrooms there, keep contact with local friends etc) but I am prepared to sell if that sorts it.

One things for sure, its a miserable process.

Well, you will share the profit 50/50 but it'll be less any fees occurred in selling - so say £750ish for the legals and £1,500-2,000 for the EA (rough guesstimates).

kingbuxton

pivotalgubbins wrote: »

She has every right to do this!

From an outsider's perspective, it sounds as if you are trying to 'sell' the idea to her. Let her go and get advice, maybe get a valuation and then hopefully come round to your way of thinking. There is no rush.

I am not SELLING anything to her either which way. I want it to be swift. Its not like I have dropped her in it. I cant even begin to describe how she is to live with, she is clearly dragging her feet.


Well, you will share the profit 50/50 but it'll be less any fees occurred in selling - so say £750ish for the legals and £1,500-2,000 for the EA (rough guesstimates).

That doesnt sound too bad.