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Buying another house whilst awaiting house to sell with ex
joanna2675
Posts: 7 Forumite
Hello, I am in a rather, shall we say, stressful situation at the moment. I own a property with my ex and it hasn't moved, budged or had much interest due to many reasons we think.
The house has around 95k on my side from the deposit and also equity from the house too. I really cant handle being in the house with my ex and he is refusing to move out, even though I suggested I take on the whole mortgage and bills as I have a dog and work from home so its easier for me to stay, however my other option would be to buy somewhere else as there are not many rentals that take dogs and a cat, hate to say!
So is it possible to buy something else for myself, would I need a deposit to put down or can I buy perhaps a shared ownership property, as could be in this house a long time. he has met someone else but still not wanting to move in with her or do anything so I have to think of another positive plan of action before I scream lol!! :T
Thank you for reading
The house has around 95k on my side from the deposit and also equity from the house too. I really cant handle being in the house with my ex and he is refusing to move out, even though I suggested I take on the whole mortgage and bills as I have a dog and work from home so its easier for me to stay, however my other option would be to buy somewhere else as there are not many rentals that take dogs and a cat, hate to say!
So is it possible to buy something else for myself, would I need a deposit to put down or can I buy perhaps a shared ownership property, as could be in this house a long time. he has met someone else but still not wanting to move in with her or do anything so I have to think of another positive plan of action before I scream lol!! :T
Thank you for reading
0
Comments
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Yes, you need a deposit and you need money for fees including the 3% SDLT surcharge on second homes.
You would also be more at risk of the ex still remaining in the property or even moving his new partner in.
You should probably think seriously about why there is little interest in a sale - probably over priced for the current market, but perhaps poorly marketed.0 -
Thank you yes I understand what you are saying he has admitted to not wanting to move out for fear that he loses control of the house and his rights but I am thinking ok if I can get something legally sorted out, he won't lose out and there is no way I am moving anyone in on my side if I was to keep the house as I can afford it on my own whereas he cant.
The market is really quiet its a 5 bed and nothing shifted the estate agents have said for over 5 months which we are not sure if its the development or if its the way things are in general. ...its a tough one, I may go down the legal route to see what else I can do or think of at the moment.
thank you for your help!!0
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