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Action of Divison

Jjamie · 2021-01-19 12:03:24

Hello! I co own a house with my dad. I live in the property with my two young kids. I have a mortgage offer in place as he has said he will sell. He has ignored all correspondence since August and I’m wondering if an action of division is the next step? Would a judge take into considering that I am willing to to offer him…

Comments

greatcrested Posts: 5,925 Forumite

19 January 2021 at 3:43PM

Try offering him more?
If you are living in the property but only own 50%, and you aren't paying rent to your dad, that's actually a very good deal - since you could put the money that would have been wasted on mortgage interest into a stocks & shares ISA.
Steampowered's point is a good one, especially if you are on a low income.
It needs work done and I’m not wanting to throw money at a house he may then sell in a years time.
Well just as it's difficult for you to force him to sell, it will be difficult for him to sell! And if you did (both) sell after improvements it will fetch a higher price which will increase your share.

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