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Negotiating buy-out with ex - she didn't contribute to bills or mortgage
Comments
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Is this a similar calculation that would be used in the event of divvying up a force sale through the courts?
Don't expect a judge to arbitrate between two bickering people. They've better things to do with their time. Legal representation would outweigh any benefit with the sum involved.0 -
Some would say that you were happy enough to pay the mortgage yourself when you were living together and it is only now that you have split up that you begrudge it.
At the end of the day, the exact amount you pay is nothing compared to knowing you can draw a line and move on with your life.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
so here's a fun thing - I totted up our combined total contributions (deposits + improvement costs), added it to the remaining mortgage, and it's actually about £3K over the current valuation of the house!
So there's actually no profit to be had selling this house as yet, so my offer to them of 2.5K on top of the return of their investment is, if anything, too generous! I'm going to show this calculation and see if they won't reconsiderer accepting my initial offer. I'm not holding my breath.0 -
Having gone down the legal route myself in a similar situation my advice would be 100% to settle now!
Yes there will be the pain of something that is "unfair", but nowhere near as painful as the uber-expensive long drawn out torture that is the legal route where ultimately the only winners are the lawyers!0 -
Good luck on your outcome and sorry for your stress being caused
Debt (1/9/14) £6,702.11 Debt free (30/11/2016) mortgage port- £70,077.82 and mortgage £126,517.39 o/s currently
Debt - £17,190.83 (29/7/22) now (19/8/22) £16,688.800
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