Breakup, mortgage but still living together

vorian

Hi all.

After a little bit of advice as I am not sure what to do now.

Some information;

I had been with my girlfriend for nine and a half years, living together for six of those and two and a half years ago bought a house together with a joint mortgage.

Recently she has decided that we have grown apart and doesn't love me anymore. We are still living together at the moment but luckily we have a spare bedroom so have been able to separate a little bit.

I don't think either of us can afford to buy the other out and when we talked previously I don't think she wanted to move out or sell the house.

Help! What are my options?

bagpussbear

If neither can afford to buy each other out, then the house has to be sold.

I would get a couple of estate agents around to value the property, get an idea of what it might sell for and what the equity might be. Then agree to split the equity 50/50 (remember to take into account selling/solicitor fees)

Your girlfriend can't have it both ways, to stay in the property and you walk away empty handed.

19lottie82

this could get messy im afraid.

if your ex doesn't make enough money, she won't be able to take on the mortgage by herself / buy you out, and you will both remain responsible for the mortgage, but you won't be able to force a sale if she says no, without a court order, and these can be expensive to obtain.

hopefully she will be sensible and realise that as she can't afford it, the best thing is to sell the house so you can both start afresh.

Guest101

What would happen if she brought someone home, or you did. I think that would motivate any sale very quickly.

But i think the first thing to do is point out that neither of you is in a position to buy, so you need to look at alternatives. - could you both move out and rent it out?

vorian

Thanks for help everyone, it's kind of what I had been thinking. I had also considered moving out and renting option but need to try and find a way of floating that by her...

[Deleted User]

vorian wrote: »

Thanks for help everyone, it's kind of what I had been thinking. I had also considered moving out and renting option but need to try and find a way of floating that by her...

I'm sorry to hear of your break up. Just remember though that if you rent the house out, you will still be financially linked and both still responsible for the mortgage etc.

LittleMrsThrifty

vorian wrote: »

Thanks for help everyone, it's kind of what I had been thinking. I had also considered moving out and renting option but need to try and find a way of floating that by her...

Whatever you do, don't move out of the house. If you do it will become far, far easier for her to stay there for many years with you remaining responsible for the mortgage. With you there (as you are entitled to be, it is your home) she has an incentive to get the situation resolved by putting the house up for sale. As soon as you leave that is gone.

I know it is hard but I speak from experience here. Don't leave.