Being bought out of mortgage by ex - maths Qs

Thrugelmir

I'd suggest a response of a straight 50/50 division of equity. Is it possible that she's unable to raise the finance to buy you out?

getmore4less

Call her bluff and buy her out

even if you have to sell if your valuation is right you win.

foxy-stoat

jamint wrote: »

It's only now she's flagging this up as evidence of her "considerable contributions to the mortgage" and somehow this equating to her deserving more from the sale as a result. Which I naturally strongly disagree with.

Morally agree with her, legally though doesnt change anything - still 50/50.

If you like you can run the numbers to get actual figures;

How much you paid per month
How much she paid per month
How many months of unequal payments
How much interest was charged on the mortgage per month

Thrugelmir

foxy-stoat wrote: »

Morally agree with her

Nah. When relationships flounder. Human instinct kicks in. Money is money. There's no sentiment involved. Nothing to do with morals.

silvercar

The key fact is the valuation of £280k. Is this based on what an estate agent says, what next door sold for this year or some other information?

If that £280k is optimistic then the amount offered is more realistic.

sparkey1

Im wondering if she is planning to buy it with her new partner and therefore there may be a stamp duty liability, so hence the lower offer.

If the partner has property already potentially there is 12K of stamp duty to pay.

Regardless. In your situation I would go with the 50% share as you have worked out. In fact I did when I split years ago. We got three estate agents to value it and took the average figure. When the bank valuer came around... I might have steered him towards a lower valuation.

In her situation, I would be offering you the 60K and maybe offering to pay the legals as a sweetner.