Ex wants to sell our property

Amazonia_2

oldbikebloke said:

Amazonia_2 said:

My ex agreed to cover mortgage when I left and I would help him financially.  He asked for six payments, I transferred the money.  His g/f then moved in and they covered the mortgage, then he rented the property and the tenants more than covered the cost of the mortgage.

He hadn't contacted me for 8 years.

your post comes across as you just want to get revenge and are bitter 
much better to sell up and finally make the break you should had 8 years ago, particularly as you are no longer even in the UK

Actually, I'd almost forgotten about the house.  I would have been happy to accept my ex's original agreement to take me off the mortgage/deeds 10 years ago but he didn't give me £3000 he offered and I didn't receive any forms.  He's in contact now demanding we sell and being abusive, threatening and very scary (ex Royal Marine, mercenary and heavyweight boxing champ).  

GDB2222

Amazonia_2 said:

£112,00 outstanding when I left.  £118,000 outstanding now.
House valued at £160,000 - as far as I know

So, on those figures, your share of the equity is £20k. 

Does the £160k value allow for the fact that there are tenants in the house? They probably can't be removed, which means the only potential buyers would be investors with cash in the bank. They may well want a discount. If the house is actually only worth £140k, say, your share of the equity is only the £10k that you have already been offered.

GDB2222

Amazonia_2 said:

oldbikebloke said:

Amazonia_2 said:

My ex agreed to cover mortgage when I left and I would help him financially.  He asked for six payments, I transferred the money.  His g/f then moved in and they covered the mortgage, then he rented the property and the tenants more than covered the cost of the mortgage.

He hadn't contacted me for 8 years.

your post comes across as you just want to get revenge and are bitter 
much better to sell up and finally make the break you should had 8 years ago, particularly as you are no longer even in the UK

Actually, I'd almost forgotten about the house.  I would have been happy to accept my ex's original agreement to take me off the mortgage/deeds 10 years ago but he didn't give me £3000 he offered and I didn't receive any forms.  He's in contact now demanding we sell and being abusive, threatening and very scary (ex Royal Marine, mercenary and heavyweight boxing champ).  

I don't think he can actually do very much, given that you're in a different country.  Does he even have your address?

However, his general nastiness is just one more reason to sell him your interest in the house. But, that needs to be at a fair value. Bully that he is, or not, he must realise that it's illegal to threaten you unless you accept the valuation that he has decided upon.

greatcrested

GDB2222 said:

Some basic questions:

How much is outstanding on the mortgage?
How much was outstanding when you split up?
How much is the house worth?

£112,00 outstanding when I left.  £118,000 outstanding now. House valued at £160,000 - as far as I know

Have I missed something? How come the mortgage has increased if

His g/f then moved in and they covered the mortgage, then he rented the property and the tenants more than covered the cost of the mortgage.

As well as GDB2222's questions:

* how much has ex/gf paid towards the mortgage?

* how much have you paid(if anything)?

* How much rent has ex received (after mortgage, costs, tax etc)?

* how realistic is the £160 valuation? Where did you obtain this figure? Does it take into account the condition of the property and the occupation by tenants?

wilfred30

Amazonia_2 said:

Ex wants to sell our jointly owned property.  I live abroad.  The property has been rented out (without my knowledge) and he and his wife are named as landlords,  He doesn't have Consent to Let from the Lender, no gas safety cert, no electric safety cert, no EPC, no buildings insurance, no valid tenancy agreement.  He doesn't carry out repairs properly.  Tenants left in middle of winter for 48 days without hearing or hot water when boiler broke and they had to collect rainwater from leak in roof for five years.  The tenants are elderly, disabled, vulnerable and in receipt of welfare benefits.  They have lived there for nearly eight years and the council have installed £10k+ disabled wet room and downstairs WC.    I'm concerned for them. He hasn't visited or inspected the house for almost 8 years.

I don't want to sell, my ex has no money to apply for an Order to Sell.  

Any ideas?

Am I the only person wondering how the OP has so much information given that they live abroad and didn't know that the house was being rented out?

Amazonia_2

GDB2222 said:

Amazonia_2 said:

£112,00 outstanding when I left.  £118,000 outstanding now.
House valued at £160,000 - as far as I know

So, on those figures, your share of the equity is £20k. 

Does the £160k value allow for the fact that there are tenants in the house? They probably can't be removed, which means the only potential buyers would be investors with cash in the bank. They may well want a discount. If the house is actually only worth £140k, say, your share of the equity is only the £10k that you have already been offered.

The estate agent has convinced my ex that he'll sell the house to an armchair investor for £155k.  No worries about tenants (who are paying well below market rent compared to properties in area), or the fact the property needs updating.   My ex is pretty clueless.

Amazonia_2

greatcrested said:

GDB2222 said:

Some basic questions:

How much is outstanding on the mortgage?
How much was outstanding when you split up?
How much is the house worth?

£112,00 outstanding when I left.  £118,000 outstanding now. House valued at £160,000 - as far as I know

Have I missed something? How come the mortgage has increased if

His g/f then moved in and they covered the mortgage, then he rented the property and the tenants more than covered the cost of the mortgage.

As well as GDB2222's questions:

* how much has ex/gf paid towards the mortgage?

* how much have you paid(if anything)?

* How much rent has ex received (after mortgage, costs, tax etc)?

* how realistic is the £160 valuation? Where did you obtain this figure? Does it take into account the condition of the property and the occupation by tenants?

The mortgage indebtedness has increased cos ex kept taking mortgage holidays, Covid mortgage holidays, arrears and presumably default fees.  

I don't know how much g/f contributed to household

He also received income from lodgers for two years.

I paid mortgage for three years, plus bills and payments when he requested.  He simply stopped asking.  I was travelling and living in the Far East and Russia.

GDB2222

Amazonia_2 said:

GDB2222 said:

Amazonia_2 said:

£112,00 outstanding when I left.  £118,000 outstanding now.
House valued at £160,000 - as far as I know

So, on those figures, your share of the equity is £20k. 

Does the £160k value allow for the fact that there are tenants in the house? They probably can't be removed, which means the only potential buyers would be investors with cash in the bank. They may well want a discount. If the house is actually only worth £140k, say, your share of the equity is only the £10k that you have already been offered.

The estate agent has convinced my ex that he'll sell the house to an armchair investor for £155k.  No worries about tenants (who are paying well below market rent compared to properties in area), or the fact the property needs updating.   My ex is pretty clueless.

His head has been hit really hard by heavyweight boxers. It’s possible that he isn’t at his best any longer.

Anyway, this is an opportunity to untangle yourself. You may have had very little equity in the property when you split up, so even at £10k you have not done too badly. He has had the rent coming in for 8 years but he’s also looked after the place and paid the mortgage, sort of!

Why don’t you get a surveyor to do a basic valuation for you? Then hire a solicitor to represent you, as your ex can’t really bully the solicitor. 

Amazonia_2

wilfred30 said:

Amazonia_2 said:

Ex wants to sell our jointly owned property.  I live abroad.  The property has been rented out (without my knowledge) and he and his wife are named as landlords,  He doesn't have Consent to Let from the Lender, no gas safety cert, no electric safety cert, no EPC, no buildings insurance, no valid tenancy agreement.  He doesn't carry out repairs properly.  Tenants left in middle of winter for 48 days without hearing or hot water when boiler broke and they had to collect rainwater from leak in roof for five years.  The tenants are elderly, disabled, vulnerable and in receipt of welfare benefits.  They have lived there for nearly eight years and the council have installed £10k+ disabled wet room and downstairs WC.    I'm concerned for them. He hasn't visited or inspected the house for almost 8 years.

I don't want to sell, my ex has no money to apply for an Order to Sell.  

Any ideas?

Am I the only person wondering how the OP has so much information given that they live abroad and didn't know that the house was being rented out?

When my ex contacted out of the blue, I phoned my old nextdoor neighbour and the tenants have sent me over 500 messsges of information relating to their tenancy.  They've been exploited.

Amazonia_2

GDB2222 said:

Amazonia_2 said:

GDB2222 said:

Amazonia_2 said:

£112,00 outstanding when I left.  £118,000 outstanding now.
House valued at £160,000 - as far as I know

So, on those figures, your share of the equity is £20k. 

Does the £160k value allow for the fact that there are tenants in the house? They probably can't be removed, which means the only potential buyers would be investors with cash in the bank. They may well want a discount. If the house is actually only worth £140k, say, your share of the equity is only the £10k that you have already been offered.

The estate agent has convinced my ex that he'll sell the house to an armchair investor for £155k.  No worries about tenants (who are paying well below market rent compared to properties in area), or the fact the property needs updating.   My ex is pretty clueless.

His head has been hit really hard by heavyweight boxers. It’s possible that he isn’t at his best any longer.

Anyway, this is an opportunity to untangle yourself. You may have had very little equity in the property when you split up, so even at £10k you have not done too badly. He has had the rent coming in for 8 years but he’s also looked after the place and paid the mortgage, sort of!

Why don’t you get a surveyor to do a basic valuation for you? Then hire a solicitor to represent you, as your ex can’t really bully the solicitor. 

The thing is he hasn't looked after the place. A hole in the roof let in rainwater for over 9 years before he had it repaired.  Tenants had to use buckets to collect rainwater.  Electrics kept blowing, windows are rotten, penetrating damp/condensation etc. Kitchen is falling to pieces.

If he fails to sort things out, the tenants continue to suffer.