Getting husband off mortgage

neneromanova

Get the house valued now and he gets 50% of that value if he doesn't put anymore money into the house.

System

Have you thought about selling and splitting now, then buying your own place?

brewthebear

Hows that fair neneramonova she moved out 2 yrs ago and he was paying mortgage.So in theory her 50% would have been from 2 years ago, not now.

TBagpuss

Talk to an independent mortgage adviser and find our what you can borrow. Some lenders will take into account income from tax credits and/or child support but most will have rules as to what % of your income can be from those sources and still be counted.

also speak to a solicitor about what might be fair as an outcome. For instance, it may be that it would be fair to have an arrangements that he is entitled to a lump sum equal to 0% pf the current equity, as a % of the house value, payable when the children leave school (so, if the house is currently worth £200K with a mortgage of £100K he could be entitled to 25% of the value at the date it is sold, which would be equal to 50% of current equity, but would rise or fall in actual cash value with any rise or all in the value of the house, but which would not give him the benefit of any future payments you make to the mortgage.)

If he was living there and paying the mortgage for the past 2 years then he might question why you should have the benefit of his mortgage payment, but he shouldn't have the benefit of yours. How much has the capital due on the mortgage reduced by, uring the period he was living there?

pinkshoes

What is the house worth?
How much equity is there?
How much do you earn?

Could you not sell and buy something cheaper?

If you have the kids 50/50, then don't forget he is paying rent to be able to have them stay with him, hence I see his view point on it not being fair if you get all the equity.

Does he have a job now?

Surely he should pay half the mortgage and you pay half his rent then split 50/50 when it is sold?