Breaking up before finishing unpacking

G_M

Nearly right.

melanzana wrote: »

Why should you leave?

Simple question really. Stay there until she either buys you out or the property is sold. If not enough bedrooms for separate sleeping arrangements, get a sofa bed for her for the living room.

Do not move out or sign over anything until your legal advisor has ok'd it.

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chappers

xylophone wrote: »

Is there any way of internally dividing the property on an informal basis?

Like in Steptoe and son when they split the house down the middle including the telly

dgtazzman

Something similar happened to me a number of years ago. My then wife and I bought our first home together and around a week after moving in, she basically told me she had been cheating on me and was leaving me.

I paid the mortgage on the house and continued to live there for a year. She moved out to the other side of the country to be with her new man. I had the income to take over the mortgage, but in the end was uncomfortable living there, so I sold up a year after it happened, which also solved the issue of her name still being on the mortgage. Luckily it was only on a 2-year fix, so the MRC wasn't too bad and I made enough 'profit' on the house to cover it.

Just saying, these things do happen, unfortunately. If my ex had told me a month earlier, we could have cancelled the purchase and it would have saved a lot of hassle and money, yet she didn't.

DELLBOY_2

Change the mortgage to a buy to let rent it out and wait till the house is worth enough to cover the costs you face

Gorgeous_George

There will be somebody else. There will have been somebody else for some time. She will move him in soon after you leave. Watch your back and, more importantly, your bank account.

Seek professional help.

Get the property valued. It may be worth more or less than you paid. You will share this profit or loss.

The courts would assume a 3% cost of selling. So, subtract 3% of the property's value from any equity in the property and you should seek 50% of what is left in return for your interest in the property.

She should try to get a mortgage with her new fellow. Wish them well. You are well rid of her.

GG

westernpromise

It could be worse - you could be married.

Thrugelmir

Just sit tight. The ball is in your ex-partners court.

AndyBSG

Radiskull wrote: »

It's hard not to think that this could have been her plan all along.

You've basically been shafted, whether that was planned and premeditated or just bad luck is for you to decide but I know what side my opinion would fall on!

You are unlikely to be able to sell the house unless you find a cash buyer. Most banks will not offer a prospective buyer a mortgage on your property so soon after it's been sold(Not sure the reasons but sure someone on here will know why)

With a 5 year fixed you're going to face some pretty big penalties if you do sell before then.

The only real option is for one of you to buy the other out but even that is not so simple.

First off one of you needs to come up with the money to pay the others one's share of the deposit and any solicitor fees, removal fees, survey fees etc.

Secondly, that person also needs to earn enough money to be able to pay the mortgage on their own and pass any affordability checks required to satisfy the bank they can afford it.

Finally, the bank need to agree to allow the mortgage to be changed.

Most banks really make it difficult to do this because they would much rather have two people on the mortgage they can chase if payments are missed than one.

As other's have mentioned, she's the one who's caused this so why she benefit from it the most with a nice new house she got at your expense?

Stay put, refuse to move out and get some legal advice immediately.

m0bov

Def +1 on the above, there will be a bloke (or girl?!) somewhere, this happened to a friend of mine some years back. He came home to find a bloke in the shower when he was collecting the last of his stuff!

So, def get legal advice. I would stay put, ask her to leave and change the locks. This is for your own safety. You could rent it out for 5 years until you can sell then you would have at least made some ££ on it.

Any mates that might want to house share? But def, speak to your home insurance if you have legal, or get onto Cab NOW!

aneary

How many bedrooms does the house have.

I would say that she wanted out before you exchanged but she wanted the house at any cost. Also as you have left at her request she thinks she can walk all over you, she probably assumes that you will stay on the deeds and mortgage for the fixed term, she realistically needs you to.

Move back in do not move out until the house is either transferred fully (including the mortgage) to her or it is sold. You living there will focus her mind and if she does have someone else will kill the romance.