ex-girlfriend buying me out

chrisjefc

Troubled_Joe wrote: »

If you were not married then the fact there is a child is irrelevant (save for your ongoing CSA obligations).

The division of the property is regulated by the Trusts of Land and Appointment of Trustees Act 1996.

Go to see a solicitor and get their opinion on what a fair figure would be based on all teh facts.

If you hold teh property as beneficial joint tenants then 99% of the time you will be entitled to 50% of the equity regardless of deposit contributions or mortgage payments.

i know what your saying

BUT

i'm happy with what i'm getting its all very amicable at the moment and thats the way i want it to stay

just wanted to know if i was gonna get hit with paying tax seeing as im not im happy to let her stay for an extra 5-6k is it worth having a women scorned lol

maybe if i never had to see her again i might feel different

Troubled_Joe

I completely understand. Only you can put a value on keeping the peace / doing what you think is right.

poppysarah

Staying amicable is a fantastic aim!

You might want to check that you are properly taken off the mortgage, that your money doesn't count towards your lifetime capital gains allowance. (It's only small so not major problem) - but also how you declare it properly if asked. I'd assume you just ignore it but as it's over 10k it'll trigger in some banking system somewhere.

mlz1413

chrisjefc i'm going to relay a situation that happen to a friend of mine, not saying it will happen to you, but i hope it makes you think into the long term future.

Guy is married things not going well about to split up she gets pregnant, he still moves out but they have baby and he is involved everyday. they have a 4 bed lovely family home but he is happy for her to stay there with little one.
Sometime later (i think within 1st year) he signs house over to her so he can buy a little flat of his own and baby/mother round the corner.

As soon as house is signed over its up for sale and she moves from Northampton to Dorset. Leaving the guy to travel 200 miles every other weekend to see son, also as didn't have a place down there had to take baby back to B&B or Travelodge.

If you are going to give up a family home with very little from it make sure you have an agreement in place (if you can and if it is enforceable) or don't do it, wait until child is old enough and then sell home or get bought out.

Again your split maybe amicable but you have years ahead and situations change.

neverdespairgirl

Troubled_Joe wrote: »

If you were not married then the fact there is a child is irrelevant (save for your ongoing CSA obligations).

It's not remotely irrelevant. Legally - perhaps it is. But emotionally, and in terms of doing the right thing by his ex and his child, it isn't at all irrelevant.

chrisjefc

thanks to everyone who replied

some very good info for me to mull over