**Help** mortgage payments

Pixie5740

jason_davey wrote: »

i think she left off the cuff and now wants to come back but i dont want to know.

my opinion is that she thinks there will be a hold over me on the house (7%) and unless we sell completely then she will always be there.

although i want to keep the house as the kids schooling is local and it would mean a big up lift.

im not sure what it says exactly - i will look in to it

That really needs to be your starting point. However, I have no idea why she would have agreed to a 93/7 split if, as you indicate in a later post, she pays have the mortgage.

jason_davey wrote: »

i know her half is around 500 pm

You each have joint and several liability for the whole mortgage.

getmore4less

jason_davey wrote: »

my ex partner and i have a house together.

i own 93% and she owns the remaining 7%

she left me four months ago and still continues to pay her half of the mortgage at the moment but i live in fear that she will stop as she keeps threatening it.

how did you come to this arrangement 93%:7% if she was paying 1/2 the mortgage?

how big were the cash inputs to the total purchase cost and the size of the mortgage and how much are you each paying of that mortgage?

Sarastro

This doesn't make sense. She doesn't own 7% of the house, she owns 7% of the equity, you own 93% of the equity. She can only have 7% of the market value if she pays off 7% of the current mortgage.

jason_davey

thats what i thought, altough what if this stops ?

can i get her off the mortgage

jason_davey

that was all she could afford to put in.

my share was 140,000 ish and hers 10,000

she paid off some out standing debts prior to us going for the mortgage.

getmore4less

how big was the mortgage?
how much of that does she pay?

did she pay of shared debts or just her own?

jason_davey

mortgage is 925 pm

jason_davey

it was a shared debt.

basically she had the 10k to pay off for me so i gave her the 10 k back in the house which mortgage ad visor advised was 7%

total mortgage was 265,000 after deposits were placed

jason_davey

of course she is entitled to 7% of the equity of the house as we dont own it yet.

the fact that she has paid %50 of the mortgage since we moved in (around 6 months ago) does that mean she is entitled to more?

thanks to all for current advise - this is helping

getmore4less

jason_davey wrote: »

that was all she could afford to put in.

my share was 140,000 ish and hers 10,000

she paid off some out standing debts prior to us going for the mortgage.

jason_davey wrote: »

it was a shared debt.

basically she had the 10k to pay off for me so i gave her the 10 k back in the house which mortgage ad visor advised was 7%

total mortgage was 265,000 after deposits were placed

if she has been paying 1/2 the mortgage then your idea the equity split is 93% & 7% is way off.

if we have a house at £415k with you £140k her £10k and a £265k mortgage split 50:50

then the split should be more like.

£142,500:£272,500 or 34.3% and 65.7%


if you have only been doing this for 6 months then it won't be a big change from the £10k put in as you will have only paid off max £3k of the mortgage.

assume no increase she gets £142,500 less the share of the outstanding mortgage £131,000k

£11,500


can you get a mortgage on your own and afford it.

Kids may make a difference if they are both of yours, but if just yours you need to buy her off.