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Separation & house sale questions
Comments
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It may not be a good idea but at times people cannot just live together.dimbo61 said:Moving out is not a good idea.
He could demand you pay half the mortgage and bills or stop paying any bills and ruin your and his credit score !
You could ask him to pay rent on your half !
All scenarios are open and fluid.
Best opts sell via auction ot to a chain free buyer.0 -
diystarter7 said:
It may not be a good idea but at times people cannot just live together.dimbo61 said:Moving out is not a good idea.
He could demand you pay half the mortgage and bills or stop paying any bills and ruin your and his credit score !
You could ask him to pay rent on your half !
All scenarios are open and fluid.
Best opts sell via auction ot to a chain free buyer.That doesn't sound like a very good option at all.Selling at auction typically means achieving a lower price than obtainable through a conventional sale.The OP and BF have a mortgage to pay off, plus possibly an early redemption charge, plus all the fees.Rasing the maximum they can from the sale should be the priority, in order to set them both up to rehouse themselves.Selling at auction may not raise enough to clear the mortgage plus costs, setting a reserve to at least cover those costs may result in no sale.2 -
Something which might be worth considering is whether anyone could foster or board your pets temporarily - that might give you more options.Have you spoken to an estate agent in confidence about how quick a sale would be likely to be? Do you have a sense of the local market at the moment?Often these discussions seem to be about who will stay in the house - if you both moved out and aimed to sell ASAP it would be a fair and equal option.But a banker, engaged at enormous expense,Had the whole of their cash in his care.
Lewis Carroll0 -
It doesn't have to be difficult, it depends on your relationship.I was in the same situation when I was 21 but because it was amicable we both just continued living in the property in separate rooms until we sold and both moved into rented about a week before completion.0
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