Trying to mediate a house purchase

AnotherJoe

cooltt wrote: »

So husband is paying 100% deposit (half of purchase price), wife needs to get mortgage to bring her share to the table (so to speak) and will end up paying more than half the purchase price + mortgage interest.

Husband feels he does not have to pay half the mortgage interest because he has already supplied 50% of the house price as a deposit.
Wife feels this is totally unfair and husband should pay half the interest on mortgage as this is the true overall cost of property.is she right?

Neither party can afford the house by themselves.

So as i said who's in the right here?

The judge who signs off the divorce papers. Serious answer.

SnooksNJ

cooltt wrote: »

Anyone else want to give 2 pennies?

Stay out of it.

cooltt

You know what, it's really easy for everyone to sit here and judge the state of a relationship from a straight forward question but the reality is nobody (including me) knows the details of my friends or anyone else s relationship / marriage for that matter.

As far as I'm aware there is no blueprint for the perfect marriage because everyone is different and individual experiences of a similar situation are completely irrelevant due to what I've already pointed out, everyone is different. What a terrible place to be in life feeling the need to judge rather than help.

Thank you @AdrianC, that was my thinking but ultimately i don't know the answer either, i was merely asked to provide an impartial opinion, what they do after that is up to them.

PasturesNew

As a share, two people, the husband's got the money, so any interest isn't his to bear as a cost. That's the wife's bill entirely.

As they're a married couple, it's doomed as couples shouldn't be thinking like that if it's a hard line of "mine", "yours". If it were simply part and parcel of them working out how much money they're individually able to toss into the monthly pot of "living costs and expenses" then it counts as the same as the wife having her hair and nails done every month ... her bill....

So, it's right - and it's wrong - but it might be all right. Whether they should forget it and divorce depends on the actual intent and thinking, the mentality behind the calculations and what they're doing money-wise between themselves.

onwards&upwards

You have got to be trolling if you think you can post something like this and expect fluffy bunny replies?

Either that or you’re one of the couple, I’d guess the wife?

steampowered

I think the husband is in the right.

The wife is taking 100% of the benefit of the mortgage. The mortgage is going entirely to the wife's share. So the wife should pay 100% of the cost of the mortgage.

cooltt

onwards&upwards wrote: »

You have got to be trolling if you think you can post something like this and expect fluffy bunny replies?

Either that or you’re one of the couple, I’d guess the wife?

Oh right, i see, get pushed back on pointless judgement comments then go on the defensive.

The situation is posted as is, good friends nothing more. The wife earns considerably less than her husband but has always maintained a 50/50 split on everything, going on for 8 years now. Like i said no blueprint for the perfect marriage and to judge others on a tiny snippet of their life, pretty idiotic to be honest.

getmore4less

Putting the marriage to one side hubby is right.

How you get the money to buy the share is the responsibility of each person.

Another way to look at it...

one party lends the other 1/2 the deposit and they pay the mortgage 50:50.

The loan is a side agreement with or without interest or payments.

cooltt

steampowered wrote: »

I think the husband is in the right.

The wife is taking 100% of the benefit of the mortgage. The mortgage is going entirely to the wife's share. So the wife should pay 100% of the cost of the mortgage.

Yep, was my thinking. Thanks

Nobbie1967

Husband is right, he is losing money that he could have gained by investing elsewhere.