Tenants in common splitting up

Rosie1989

Update - he's agreed to buy me out on the house value being 155k, then he is taking my share of the outstanding kitchen debt off my equity which is fair enough. However, the thing I'm confused about now are the fees, because when he's worked out the share, he's based it on a house value off 155, taken off the remaining mortgage which is fair enough, but then he's taken off the early redemption fee which is like £2,100, then he's taken off £300 mortgage fee for his new mortgage, then £600 solicitors fees to transfer it to me. So effectively I'm paying half of all the fees, I don't understand why I'm paying half his mortgage fee seeing as the new moergage will be nothing to do with me when I'm off this mortgage, he isn't going to pay half my mortgage fees when I buy a new house. And why am I paying half his solicitors fee when I will have my own solicitor fees to pay when I have the paperwork checked over by my solicitor?

getmore4less

if he can't get the lender to waive the ERC then it just part of the current mortgage, you would have that with a sale.


Fees to transfer equity will be similar to a sale.
new mortgage fees, debatable they form part of the cost for your way out and are cheaper than the other options(eg EA fees).