Quizzes & Puzzles8 mins ago
Does he still have a 50% right over the equity in our house?
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I split from my partner in November of last year. We have a mortgage together and we agreed that I would stay in the property, and my ex would give me half of the mortgage payment on a monthly basis. Six months has past and I have recieved no payments from him. He now wants to discuss selling the property but I am left feeling a little angry at the fact that he hasn't kept his word in paying his half. Is he still entitled to half of the equity and can he force me sell? What are his rights regarding the house? Thank you for any advice you can give me.
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For more on marking an answer as the "Best Answer", please visit our FAQ.I'd be tempted to tell him that you are not going to enter into any discussions about selling the property until he has met his promised financial commitment as originally agreed. You could also hint that you are not going to make any more mortgage payments yourself (even if this isn't true) so that eventually your mortgage lender will repossess the property and possibly sell it for less than it is worth, That might concentrate his mind a little. Meanwhile, consult a solicitor to establish exactly where you stand legally because such cases can end up being quite complicated.
The best thing would be to buy him out if you can ... if you can manage the payments by yourself, or perhaps consider getting a lodger. You say partner, I assume you were not married, to be honest were you thinking that he should consider paying half the mortgage for an indefinite period and yet not live in the property or benefit from it ??? That does not really seem fair, unless there is more to this that you have not posted, after all how can he ever get back to owning a property of his own if he is paying the mortgage on yours. He either needs to be bought out or for him to buy you out if you cannot find another arrangement.