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!

Buying ex partner's share of property

Options
2»

Comments

  • Murrey
    Murrey Posts: 5 Forumite
    You will be unable to get a mortgage for the full price - $80k. The best you can expect is 60% (€48k) which means you'll have to raise the remainder ($32k) by some other means.
  • Windsorcastle
    Windsorcastle Posts: 547 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Thankyou all for the further advice about stamp duty. All very helpful - much obliged.
  • Windsorcastle
    Windsorcastle Posts: 547 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    getmore4less wrote: »
    Problem is that is not the fairest way if you want to do proper equity shares.

    Can you suggest a fairer way of doing it, if you would be so kind? I'm just trying to keep it as simple as possible.

    I was thinking that if my ex would agree to give me 10k now (half of the overpayment I made), then that issue would be resolved and we could indeed just split the remaining money after mortgage redemption, legal costs, etc, by the original percentages. Would that be fairer?
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture