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Buying Out Partner
DBGage
Posts: 86 Forumite
Hi everyone,
After a recent separation I am wanting to buy my ex-partner out of our house.
I am speaking to our mortgage advisor about options.
House value - £184,000
Mortgage - £135,000
Equity Split - £24,500
My salary - £30,655
Maximum Mortgage - £145,611
I can only put an additional £10,000 on the mortgage with a £14,500 shortfall.
I do have savings of £10,000 of which I am willing to use.
In your experience and the figures above do you think it's feasible for me to make up the difference with my saving and a loan?
After a recent separation I am wanting to buy my ex-partner out of our house.
I am speaking to our mortgage advisor about options.
House value - £184,000
Mortgage - £135,000
Equity Split - £24,500
My salary - £30,655
Maximum Mortgage - £145,611
I can only put an additional £10,000 on the mortgage with a £14,500 shortfall.
I do have savings of £10,000 of which I am willing to use.
In your experience and the figures above do you think it's feasible for me to make up the difference with my saving and a loan?
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