Tricky situation - being bought out of a mortgage

getmore4less

rshakes90 wrote: »

Thanks all. I suggested a RICS surveyor and he's started saying he'll only be happy with that if he can then subtract the potential costs of sale from what they say. So he wants to charge me half of a three percent estate agent sales fee, and conveyancing costs, because "that's what you'd have to pay if you forced a sale". This sounds really unfair - is it at all standard practice?!

MAX EA are 1.5% plenty down to 1% and under if negotiate hard.

There will be conveyancing fees anyway they will be similar.

Max your extra share would be is £1k

(Although not easy for you as you have another one now)
The counter offer is to buy them out on the same terms for more money and keep the profit when you sell it.