Splitting with an Ex - House Valuation

bigjimmyp

Hi all. 

Split with the ex partner (not married)last January 2020. Had the house valued in June 2020. I  completely took over responsibility for mortgage and all bills from the moment she left.  When trying to buy her out, do I need an up to date valuation, or is the valuation from June ok to use legally. It doesn’t seem fair to me that she should get any appreciation in value on the house from June that she hasn’t contributed towards. Any help is really appreciated! 

caeler

If it were me I’d get new valuation but deduct missed share of mortgage payments since January 2020 from the 50/50 split. I guess you could stick to June valuation as the starting point but there is a chance you won’t reach agreement. 

bigjimmyp

Thank you. Yeah, just wondering what the legal position in it is if we don’t. 

Thrugelmir

Your ex has living costs of their own since leaving. There's no legal basis to argue a split. The starting point is 50/50.  If you wish to remain then you'll need to buy your ex out. 

For sanity and to be move on with your live. Deal with the matter as soon as possible. 

getmore4less

If you want fair...

You work out their share at the time they moved out  when you took over.

They get any appreciation on that bit. 

You may need to use June valuation if that is all you have or something mutually agreed.

Going with the 50 50 now and try to recover mortgage then they can recover rent for you having exclusive use of their share often best to have them cancel each other to keep it simple. 
If you had a proper agreement(deed of trust) when you bought then use that.