Need some help: Selling a house

foxwales

Here's my story.

Me and my boyf bought a house together 6 months ago, about 3 months down the line, he tells me he's leaving me and walks out. About a month later we get back together but he is living back and home with his parents now while I live in our house on my own.

Im not happy with the situation, because we bought this house together, so we should both be living in it. I only see him twice a week now, and to be honest, im not happy with the way the relationship is because it's all on his terms; so im thinking of ending it.

The only thing thats bothering me though is the house. I recently had 3 valuations carried out on our house, which we bought for 117k, now EA's are estimating it's value at around the 120k mark.

If I was to sell it, then if we could get enough for it then it would cover our sale and legal costs but the mortgage company requires an exit fee of £6,000 for early redemption of the mortgage, which would mean I come out of this with quite a bit of debt.

What would you do in my situation, I really could use some advice as im really struggling with my whole life the way it is at the moment.

Thanks.

mr.broderick

foxwales wrote: »

Here's my story.

Me and my boyf bought a house together 6 months ago, about 3 months down the line, he tells me he's leaving me and walks out. About a month later we get back together but he is living back and home with his parents now while I live in our house on my own.

Im not happy with the situation, because we bought this house together, so we should both be living in it. I only see him twice a week now, and to be honest, im not happy with the way the relationship is because it's all on his terms; so im thinking of ending it.

The only thing thats bothering me though is the house. I recently had 3 valuations carried out on our house, which we bought for 117k, now EA's are estimating it's value at around the 120k mark.

If I was to sell it, then if we could get enough for it then it would cover our sale and legal costs but the mortgage company requires an exit fee of £6,000 for early redemption of the mortgage, which would mean I come out of this with quite a bit of debt.

What would you do in my situation, I really could use some advice as im really struggling with my whole life the way it is at the moment.

Thanks.

Are you asking for advice on your relationship or on your house?

foxwales

Both really, this is all new to me so any veterans out there who can give me some good advice, im all ears!

mr.broderick

Want me to come round and cheer you up?

foxwales

Yeah I could use some cheering up at the moment, even when I smile i feel so sad inside.

Everything seems to be tumbling down around me; and this house is the worst of my worries at the moment.

mr.broderick

foxwales wrote: »

Yeah I could use some cheering up at the moment, even when I smile i feel so sad inside.

Everything seems to be tumbling down around me; and this house is the worst of my worries at the moment.

You need to sort out your relationship asap, it's make or break time.
Worry about the house later.

Mrs_pbradley936

Can you take in a lodger to help with the finances? If so I would do that. I expect that like many young men he is finding that far more of his income goes on living expenses than was previously thought. My son is the same he is back with us and renting out his flat. That is another thing you could look into i.e. letting it.

foxwales

Thanks, but we have a joint mortgage and joint ownership of the house, I don't really want to hang on to it, because I don't want to keep any ties with him. I don't think or see him changing, so I just want to be free of all this mess; and to get on with my life.

Doozergirl

Can you afford the mortgage penalty then?

The question is whether you will get the full £120,000 for it (the valuation is basically what you paid - there's no book that says someone will pay you x amount for it.

If you move a lodger in, you can at least cover the mortgage until your penalty is up. How long is that? You have to decide whether 'cutting ties' is more important than £6000. Dignity would come first out of those personally so I'd dump him and I'd make it through to the end of the penalty period and save myself the money. If he can't take responsibilty for owning a house, you can bet he won't be coughing up £3000 to release you.

Rent the room to help you pay the mortgage and persue your boyfriend (sorry, but what a lightweight he is) for the half of the payments that he blatantly owes you anyway

poet123

Get a hot young lodger!!! might make him come to his senses and if not might cheer you up!!