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Buying ex out
kennerdoodledoo
Posts: 1 Newbie
Hi I am thinking of buying my ex out. Some of the money I will raise through remortgage the rest is my savings. My question is how do I arrange to get the savings money to him. Do I send it my solicitor first etc. I'm not keen on him knowing how much cash I have to be honest
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Comments
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You can do it through the solicitor. They will charge you for the transfer, but they will also have a record of it so can be worthwhile.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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If some of the money is going to be through mortgage then I would expect the solicitor will need to get the money you already have so as to complete? The whole amount will then be transferred to ex on completion? 🤷♀️Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
Mortgage start date first week of July 2019,
Mortgage term 23yrs(end of June 2042🙇🏽♀️),Target is to pay it off in 10years(by 2030🥳).MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
£12K in 2021 #54 (in 2020 #148)
MFiT-T6#27
To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
Am a single mom of 4.Do not wait to buy a property, Buy a property and wait. 🤓0
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