Help.... :(

agmoore

Hello Guys,
I need some help and advice....

I may have asked this some time ago, but now I feel it's time to act.
In May this year and after 4yrs, my partner (at the time) and I decided to call it a day. We pretty much drifted apart and that's all cool. Stuff happens like that all the time.

We tried to live together for a bit, but it became difficult, so I was asked to leave. I did this and moved back to my parents where I am to this day. We both own a property together and have a very simple 50/50 share in all aspects. The mortgage and all bills are split 50/50.

Since myself moving out, i've seen various photos on social networking sites and videos of all night parties etc at our place that i'm paying for.... This has carried on for some time, and she (the ex) also moved back to her parents. Both still paying 50/50 on a property that we don't use.

I've moved on, and found someone who's absolutely everything and understandable she won't stay at the flat which is fine as I don't want to stay there and use it either. Oh, and btw it is on the Market but is typically taking a long time to shift. The ex, however, wants to use the flat at the weekends and said we should come to a deal. I don't want to subsidise her living.

The only deal I could think of if I were to still continue with 50/50 on the Mortgage and she pay the full amount for utilities (as it's her that will be using the electric, water, c/tax, flat management fee etc). This way if I continue to pay 50/50 on the mortgage then when we do sell I guess i'm legally entitled to half of the equity.
Any advice on this would be greatly received...!

Thanks a lot,
A xx

dolce_vita

Be careful.

Is the place being use as a knocking shop?

If it is and you make any money from it, it could be classed as immoral earnings and you could end up in jail.

Zammo

!!!!!!, if it's not selling drop the price and get shot of it.

lady_noluck

agmoore wrote: »

Since myself moving out, i've seen various photos on social networking sites and videos of all night parties etc at our place that i'm paying for.... This has carried on for some time, and she (the ex) also moved back to her parents. Both still paying 50/50 on a property that we don't use.

Who's having these parties and have you been back to the flat to check no damage has been done?

The only deal I could think of if I were to still continue with 50/50 on the Mortgage and she pay the full amount for utilities (as it's her that will be using the electric, water, c/tax, flat management fee etc). This way if I continue to pay 50/50 on the mortgage then when we do sell I guess i'm legally entitled to half of the equity.

Sounds like an ok idea but make sure you get a declaration of trust drawn up with a solicitor stating that when the propery does sell, the proceeds will definately be split 50/50.

Any idea why it's not selling? Is it overpriced?

epz_2

ts_aly2000 wrote: »

Just sell it. She either buys out your interests in the property or has to go with it.

You need not ever speak to her ever again. She can't stop you either.

agreed, my mate got stuck for a year waiting for his place to sell while his ex lived there and paying half the mortgage and that was when prices were going up at a mental rate.

if it hasnt sold then drop the price, remember the mortgage interest is the same as rent, would you pay half her rent indefinately so she had a weekend party pad.