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Help needed - relationship break up and sale of house
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Unfortunately it sounds like the contract quite clearly states 14% of the “equity” belongs to you. If you have worded it 14% of the houses value is paid to you it would be a completely different situation.
So yes I make it your £22,000 deposit is now worth £1,820. Its bad luck but unfortunately if that’s how the contract is worded then that’s how the cookie crumbles.
If I was you just ask for a clean break. Say the property has lost £9,000 show her the valuations and just ask if you can call it quits.
If it goes to court or she contests the agreement it will be you paying her money.
I agree with this. It is a shame that the document was worded that way/that you assumed the value of the house would go up.
I work it out OP, that her share of the equity will be £5,590 and yours is £7410. She may just agree to walk away with nothing and you just take her name off the mortgage and deeds.RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0
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