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Selling house with first year
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Emilyh13
Posts: 1 Newbie
Hi I'm new here please be kind!
I bought a house with my long term partner 8 months ago I have now realised I do not want to share my life with him as he is not the man I thought. I would like to know if it is possible to sell our house only 8 months after buying it? We have a mortgage and purchased a 2 year fixed mortgage plan (I don't know if that's relevant) I really need advice and not I told you so thank you!!
I bought a house with my long term partner 8 months ago I have now realised I do not want to share my life with him as he is not the man I thought. I would like to know if it is possible to sell our house only 8 months after buying it? We have a mortgage and purchased a 2 year fixed mortgage plan (I don't know if that's relevant) I really need advice and not I told you so thank you!!
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Comments
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Yes, providing you can find a buyer you can sell the property. You will both need to agree to the sale otherwise you could wind up having to go to court to force the sale.
You need to check your mortgage's T&C as there could be early repayment charges if you repay the mortgage within the fixed term.0 -
There will also be a penalty for ending the fixed rate deal (as well as ending the mortgage early).
No judgements here - been in a similar position myself! Life doesn't always go to plan...
You should each be entitled to take out of the property what you put in (if it wasn't a 50/50 split). If it's not increased in value, you may well find yourselves owing money rather than splitting it.
It'll prob take around 3 months for a sale to go through. Jan is usually a good time to sell though. Not much will happen this side of Christmas as most EA's/some solicitors shut at some stage over the festive season.
Good luck.
Jx2024 wins: *must start comping again!*0
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