buying my ex-partner out of our mortgage

[katybeth]

approx. 4 years ago, I bought a house with my now ex-partner. We have recently split up and I would like to find out how i would go about buying him out and what it would cost me/how much he is entitled to

[stephen2504]

he is entitled to half the equity of the house.to buy him out you have to tell the mortgage company that you want to take the house on yourself and they will decide if you can.you will need to appoint a solicitor to transfer the deeds over to your name but you have to agree with your partner on how much he wants to get his name off the deeds which is half the equity or he might want less if you lucky. my solicitor said try to come to an agreement on how much you want saves going to court to sort it out.you said you bought the house 4 years ago it dosent matter if you bought it 6 months ago it is half the equity on the house.please get half an hour free advice from a solicitor and they will tell you better hope this helps and good luck

[bjoy]

best to come to an agreement with yr ex as to the amount, then apply to bank / bldsoc for a new mortgage in your name only then it wld be cheaper to change name on deeds, did this six years ago the other way around i put my partner on my deeds and it only cost me �180. check with several solicitors first.