Break up

Evangelion

Myself and my partner have recently purchased a house, we completed in June.

However, things have taken a turn, and we are now breaking up.

I literally don't even know where to begin with sorting this mess out. We have purchased the house as joint tenants.

Has anyone any idea where to start? I don't even think we could look to sell the property because we've only owned it for two months.

I'm devastated anyway due to the breakup and now I'm stressing about the house and just don't know what to do!

GolfFoxtrot

Just some initial thoughts from me

1. rent out the property and use this to pay the mortgage for a while to give yourselves some space (note this will require approval from the mortgage company)
2. one of you take on the mortgage for the property if you can afford it (buying the other person out)
3. continue to both live in the house contributing equally for a while until some equity has built up
4. hand the property back to the mortgage company and pay and penalties (this probably will affect your credit record)
5. sell the house - most mortgage companies will only lend on a house that was owned by the current owner for 6 months. By the time you found a vendor and sale went through it would probably be 6 months
6. try relationship counceling and see if you could work it out with your partner

G_M

7. One of you moves out. A lodger moves in and pays rent to the owner who's moved out.