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Buying out Ex partner share of the property

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Comments

  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    ViolaLass wrote: »
    So 'more calculations' equals 'correct' in your eyes? Just know that it's still subjective, however many calculations were involved.

    The subjective part is deciding what method/model you want to use.

    Once decided you can quantify*

    For the equitable option then you can calculate as you buy your equity and service your debt.

    you can avoid some of the more complicated calcs by keeping it simple or if too late by using bounds methods.


    * if you can't quantify then you really should go back and review .

    the two most common methods are

    Get you money back which is in reality an interest free loan.
    (this method has problems)

    Equity you buy an equity share and service your share of the debt.

    You can mix the two

    A lot of people don't understand the implications of their choice as they don't test the model chosen to see if it works.
  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    The subjective part is deciding what method/model you want to use.

    That was what I meant. I didn't mean to suggest that the calculations are subjective!
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