Can I be forced into selling to my ex?

cashbackproblems

Penitent wrote: »

I don't think I was clear enough in my post. I wouldn't haggle over bills either (the "it's up to you" was meant dismissively, but it's sometimes hard to convey tone).

I currently live with a family member. They pay the lion's share of the bills, but I do all the household stuff, I keep their bills down by switching/haggling, etc. There's more to contributing to a household than paying for things.

you are deluded going on comparethemarket and saving £100 on your bills one off, is not the same as paying a mortgage, bills, council, tv, phone etc each month

leslieknope

i disagree that the parents should get an extra 27% on top of their deposit unless they specifically stated this was an investment so they would expect the money plus % for their investment. if it was just a gift, then they get back their money.

so assuming they get back the £30k they have put in, minus the £87k remaining mortgage, you are left with £8k. this leaves you £4k if split 50/50.

you could force a sale through the open market but will likely end up incurring more than the extra £1.5k you would get from a public sale in legal fees. and there's no guarantee you will get the market value. plus you would have estate agent fees so likely would end up with £2k anyway, best case scenario.

if we were talking many thousands i would say go for it. but this is peanuts really. if she can afford the mortgage alone and you don't want the house, why are you fighting her on this? seems like your split was acrimonious and this is reflected in your unwillingness to let her have the home.

cashbackproblems

Penitent wrote: »

They don't have a mortgage. I helped them pay it off when they were having financial issues (so arguably I've prepaid my part of bills for several years). I also paid board before I did this and paid all the bills when their income was temporarily reduced.

I still consider there to be more to contributing to a household than money.

I also don't see why we can't disagree with each other without name-calling.

but paying rent for a few years doesnt give any entitlement to the full property legally (you would have had to pay that anyway), otherwise people renting from landlords would ask for a share of the property.

horseymchorseface

cutting your nose to spite your face is not a smart move. Life is too short

saajan_12

cashbackproblems wrote: »

i think you played it all wrong you are entitled to 50% of the deposit as well unless the parents had some sort of legal contract in place.

Also the fact you have been contributed more you should have taken into consideration. I personally would fight it and not take her offer, you are barely getting anything out of it

So don't take into account OP's partner's extra contribution via her parents when
- it was a lump sum, not gathered during their relationship
- with an agreement (verbal or writing) that this would be repaid first

But do take into account OP's extra contribution when it was
- spread over the years, reflective of their lifestyle as a couple
- while partner may have been compensating by doing more around the house etc as they were working less

Makes perfect sense.

cashbackproblems

saajan_12 wrote: »

So don't take into account OP's partner's extra contribution via her parents when
- it was a lump sum, not gathered during their relationship
- with an agreement (verbal or writing) that this would be repaid first

But do take into account OP's extra contribution when it was
- spread over the years, reflective of their lifestyle as a couple
- while partner may have been compensating by doing more around the house etc as they were working less

Makes perfect sense.

a bit of hoovering does not equal paying thousands towards a mortgage, I'm not saying they shouldn't be given nothing but it should be very little. If the OP's partners parents have a legal agreement then its different.

In separations how the initial deposit is usually not considered or who bought the property into the relationship

harz99

I see artful dodger hasn't been back since yesterday am. Like I posted yesterday crux of the matter is whether of not the Partner can take over the mortgage - until that iz solved everyone on this board is peeing in the wind.

2357

The way i see it, if the house achived its valuation when sold on the open market, after the money is paid back to her parents you would have 8k to split after estate agents fees etc (mine recently cost 2.5k).
So you'd be getting around £2750 each. So your best result would be an extra £250.
That's if it achieved asking price, mine didn't after a very long time sold for 8k below.
You could end up getting less. I think it's a good offer, generous in fact when many houses sell for below the asking price.

harz99

No, its only a good offer if the OPs Partner can take on the whole mortgage and the OP has a guarantee of no further financial responsibility for the property. Some very simplistic views on here!

pinkshoes

I think if you ran a poll on this, most would say let her buy you out...

It is a pile of bricks, a nd by letting her buy you out, it is saving on EA fees and minimising all other costs. BARGAIN!

Agree to what she is offering, but insist that she pays all legal costs.

Then move on with your life...