We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Ex-Partner claiming for property
Comments
-
To force a sale on a property will cost your ex a lot and it will not be a quick process.
If you have reduced your mortgage by £15K and the house has lost around about that in the last 10 years then there will be very little cash to gain, it will cost her though. The ex may just want to release themselves from the mortgage liability.
Maybe you should send a copy of the latest mortgage statement and upto date valuation, do some rough sums and go from there.
They will soon cease legal action after they realise that they will gain nothing and cost them to find out.
If you want rid of the house and financial links with the ex, then sell it and buy another property if you are able.0 -
Send her details of the mortgage sitation and a current valuation.
Assuming a joint tenancy and no deed of trust stating other then a straight 50:50
£80K - (deposit to repay)£28.5K - current mortgage value £54K = - -3.5K before you take into account the cost of sale.
Ask her if she would like you to sell and agrees in writing to cover half the shortfall and half the estate agent and legal fees?
Even at £85K, you are not covered.If you've have not made a mistake, you've made nothing0 -
Write to her stating that she owes you £X in mortgage payments, £5k for her shate of the roof repairs, and then she will be entitled to half the equity increase since she left, which seems to be a negative number, so she again owes you money...
So she can either pay you all this money owed, or just agree to be take off the mortgage and deeds.Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0 -
Thank you to all of you for trying to clear this up. I spoke to a solicitor yesterday about this issue. They told be that any solicitor taking on her case would be stupid. I then had a phone call from the bank saying that she was indeed now, going to hand in the paperwork to sign the house over. It seems that everything that is on here, is basically what she was told. The realization that she would get nothing and owe a lot has hit home. Once again, thank you to all.0
-
danielmorris81 wrote: »Thank you to all of you for trying to clear this up. I spoke to a solicitor yesterday about this issue. They told be that any solicitor taking on her case would be stupid. I then had a phone call from the bank saying that she was indeed now, going to hand in the paperwork to sign the house over. It seems that everything that is on here, is basically what she was told. The realization that she would get nothing and owe a lot has hit home. Once again, thank you to all.
Can't agree with. The solicitor won't care if she has a strong case or not, just that she pays up.It's someone else's fault.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards