ChatterBank6 mins ago
help needed with property advice following relationship break up
my other half has a property that he bought with his ex, they have split up and due to the market they cant sell it at present. She is refusing to go along with the suggestion of renting it out until the property market improves despite the fact that if they had to top up the difference between rental and mortgage etc theyd each save 75 quid a week.
she doesnt even ay half of the mortgage as she earns less so im guessing this is the reason.
the only thing she will do is letn me buy her out buy paying her 14k, the property is currently worth 25k less than when they bought it, they only been there a year and out fof the money they have both put in to date neither would get more than 2k if it was still at the value it was when purchased.
so my question to you is what are his rights? what should he do?
andn how do i stop the urge of screaming lol xx
she doesnt even ay half of the mortgage as she earns less so im guessing this is the reason.
the only thing she will do is letn me buy her out buy paying her 14k, the property is currently worth 25k less than when they bought it, they only been there a year and out fof the money they have both put in to date neither would get more than 2k if it was still at the value it was when purchased.
so my question to you is what are his rights? what should he do?
andn how do i stop the urge of screaming lol xx
Answers
Best Answer
No best answer has yet been selected by tweenyb. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Who lives in the house? and do you have �14,000?
If she is living their on her own it would be resonable (in my eyes anyway) that she either pays the full morgage (or a large amount and your partner pays a small contribution to keep his interest etc) or a rent on his half of the mortgage
If you look at market value as it is now divide by her % share and that is the amount you pay either as a mortgage or mortgage and a sum of money to her (if I'v made myself clear??)
Otherwise I have no answer
If she is living their on her own it would be resonable (in my eyes anyway) that she either pays the full morgage (or a large amount and your partner pays a small contribution to keep his interest etc) or a rent on his half of the mortgage
If you look at market value as it is now divide by her % share and that is the amount you pay either as a mortgage or mortgage and a sum of money to her (if I'v made myself clear??)
Otherwise I have no answer
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