Advice on a mortgage

lightspeed

I am currently 8 months into a very similar situation. Having spoken to a solicitor i was told the same:

either i buy her half or she buys mine, both agree to sell and if this cant be done go through the courts to force a sale.

Fotunately my ex is being reasonable about the whole thing and allowing me to buy her half at a reasonable price. The mortgage company have also agreed with conditions.

If i was you i would try and explain that she must either give you half of the equity or allow you to do the same if these options are realistic and affordable. If not, you will have no other choice otherthan to start proceedings through a solicitor and that the likely outcome would be that the house would be sold anyway and the equity split 50/50 minus all fee's. This might mean taking a loss but it might be worth it to get rid. My logic anyway.

Call her bluff and i am sure it will make her see sense

homer_j_3

There doesnt seem to be any equity so it will be sharing debt after splitting up.

So you have 2 options - (I presume her parents cannot help get her the mortgage on her own?)

Not knowing how amicable it is, I would tell her you have seen a solicitor and you have been told the following - She has 2 choices and either way she is going to lose out big time.

She either looks to selll and rent so you can both go on separate ways or you simply stop paying your share and you accept that your credit rating is going to take a hit but if it gets you separate from each other financially.

If she calls your bluff, do you have her parents number or address. Maybe a nicely worded letter (and I mean without any emotion or threats etc) explaining what you have asked from their daughter and if she doesn't see sense (regardless of what has happened between you too) she will end up ruining her credit and will have a load of stress that may be otherwise avoidable.

Not sure if that will work but if you do it, you cannot be accused by anybody for trying to put your issues to one side to ensure you have a clean break from each other and can move on with your lives.