Being brought out

artfulldodger86

hi all,

my ex is wanting to take over my share of the mortgage. Do I legally need to know if they are taking over the mortgage at the orignal buy rate or the house price of the property recently?

The house has gone up in equity and I'm not really sure what I should be asking?

She is also saying I have to pay her rent? I know I have to pay all of the mortgage but is rent allowed to be claimed?

AnotherJoe

Far too little information and far too many confusing statements.
Are you proposing just to give her the equity thats in the property? If so, why?

Also why would you pay her rent, and does that mean, (a) she is paying rent to a landlord and wants you to pay that for her, or does she mean, (b) you should pay her rental money because you are living in this house?

Perhaps try Citizens Advice Bureau or your solicitor.

artfulldodger86

She has made an offer of £2500 to take over the mortgage with her father. I thought she would have to remortgage to do that and it which point it would be the higher property price?

So basically do I need to know if they are taking it over at a cheaper rate i.e the price we brought it for?

She hasn't been back to the property for a month so I know i am liable for the mortgage but can she also claim that i need to pay her rent for her share?

Caz3121

previous thread https://forums.moneysavingexpert.com/discussion/5622439

AnotherJoe

artfulldodger86 wrote: »

She has made an offer of £2500 to take over the mortgage with her father. I thought she would have to remortgage to do that and it which point it would be the higher property price?

If the mortgage is £90k (say) thats what she'll take over. Why is the house price of relevance since you know what it is?

So basically do I need to know if they are taking it over at a cheaper rate i.e the price we brought it for?

No. And why confuse "rate" with price" ?
There's a mortgage rate, and theres a house price. What is your concern?

She hasn't been back to the property for a month so I know i am liable for the mortgage but can she also claim that i need to pay her rent for her share?

Why start another thread when 95% of the info is already in your other one?

Go back to the first thread and FWIW your questions about taking over the house at the price it was before or now make no sense and are pretty much irrelevant, get it valued by an EA if you think actually its worth £20k more than you indicated before.

ViolaLass

artfulldodger86 wrote: »

She has made an offer of £2500 to take over the mortgage with her father. I thought she would have to remortgage to do that and it which point it would be the higher property price?

So basically do I need to know if they are taking it over at a cheaper rate i.e the price we brought it for?

She hasn't been back to the property for a month so I know i am liable for the mortgage but can she also claim that i need to pay her rent for her share?

The amount you mortgaged for/owe is separate to how much you paid for the house/its current worth.

Can they get a mortgage for the full amount currently owed? If not then this is a pointless discussion.