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Need some urgent advice

1235»

Comments

  • hazyjo
    hazyjo Posts: 15,476 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    TBagpuss wrote: »
    If you were to delay the sale for a year or so until the current mortgage deal ends, how much will that save you?
    They fixed for 5 years :eek:
    2024 wins: *must start comping again!*
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    edited 21 May 2019 at 5:19PM
    This guy needs to burn his boats, take his losses and move on. Anything else is a disaster.

    Waiting for 5 years would no doubt lead to the scenario put forward by another poster when he then asks her to sell as she promised


    1732482-bigthumbnail.jpg


    If she can take on a new mortgage "anytime" then as said, best any time is right now.


    However, i have the feeling he will vacillate and fold, he's already looking for excuses and she isn't going to be happy to take the losses either. Maybe the lender would let them port the mortgage terms to a new mortgage with her and "family member".
  • ethank
    ethank Posts: 2,197 Forumite
    Holiday Haggler I've been Money Tipped!
    Banks have affordability criteria for a reason. If she can pass affordability criteria and take the mortgage on her own, then let her buy you out. Let her buy it with a family member if she has to, but get out now. Entering into a trust agreement with someone you've split up from is not a good idea.
  • hazyjo
    hazyjo Posts: 15,476 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ethank wrote: »
    Entering into a trust agreement with someone you've split up from is not a good idea.
    Especially when he's already implied he doesn't trust her and she'll lie to get what she wants...
    2024 wins: *must start comping again!*
This discussion has been closed.
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