husband buying me out

[chattykathy]

My husband & I separated 2 & half years ago. We put the house on the market for �350,000 over a year ago but it hasn't sold. Our mortgagage is only �50,000 so have a lot of equity. So, if we got �350k my half of the equity would be �150k He has now decided he would like to buy me out so his girlfriend can move in. However he's only offering me �125k as the market is so bad but my point is there's no advantage for me to sell at the bottom of the market and I'm not in any hurry, it just suits him at the moment. I have paid half of the mortgage for 2 & a half years without living there so feel I've been very fair to him. I'm not going to stick out for �150k but something a bit closer than �125k! What do other abers think?

[sara3]

I think you should negotiate, but surely it's time to move on now? weigh it up against paying your share of the mortgage for the next.. however long.

it may be a cheeky offer, but try to meet in the middle. well, maybe nearer your end than his :o)

[chattykathy]

Yeah, that's what I was thinking, maybe �135/140k. You're right I can put the money away and save myself the mortgage payments. Thanks, Sara :-)

[sara3]

hey, you're welcome. I'd hate for him to think you were hanging on to the past!

best of luck x

[bednobs]

personally i would think 125 ses fairly reasonable. does he have the ability to pay more, or is that stretching himself? How much mortgage payments are you making? say it takes the market 3-5 years to recover - would you have paid the extra 25k in mortgage payments by then? Do you really want to be hanging onto this link with him? You already split 2.5 years ago - what if you are tied to him for another 3-5 years???!

[supersop60]

You'll probably have to get the house revalued and go from there.
Whatever you do - go through a solicitor. A male friend of mine recently went through something simlar. He agreed on a lower figure for his wife to buy him out, and he agreed this without a solicitor in the interest of goodwill. She now has the house in her name and he's only had half the money!