Advice regarding splitting from partner. With house/mortgage

[Telehandler]

Can anyone give me some advice or has anyone split from a partner when they had a joint mortgage? My question is what happens if we put the house on the market and it sells? My partner put more money than me into it but does this make a difference are does it get split 50/50 ? How could i go about keeping the house ,do i have to give her half the value of the house and remortgage? Any advice would be great thanks

[KevDavies]

if you want to by her out you give her, her share of the value and then you get a new mortgage. But by far the easiest way is to flog the house pay off all debts and what evers left divide amicably. But if the house is in negative equity make sure she pays her half of the debts. Mine didnt...... Cost me thick end of £60k

[phil67]

I had a similar problem when I split up from my partner after 17 years, i would advise going to Citizen advice or getting a solicitor, it took ages to get to the conclusion and we didn't have any children. Remember you will still have to pay the full mortgage every month, so don't fall in the trap of saying im only paying my 50% and that's all as it will affect your credit rating and the chance of getting a good deal on the mortgage.

[one life fly it]

Prob best to see a solicitor , you will get good sound advice .

I walked away from my house and first wife and left her and the guy she had an affair with to sort it . Had a quick divorce Never seen or heard from her since , over ten years ago.

[Pabs]

Advice regarding splitting from partner. With house/mortgage

Unless any written agreement beforehand, I'm pretty sure it will be deemed 50/50. Was when I went through the same thing.

[Telehandler]

Thanks phil ,yeah we have two kids ,dont really think i could afford the mortgage on my own anyway just wanna know what sort of % realistically im entitled to

[Boggy]

My advice would be

Don't ask for advice on a heli forum! you are going to end up with a thread full of bile and hatred towards ex spouses. Seek proper advice from the CBA or a solicitor.

[milly0812]

Advice regarding splitting from partner. With house/mortgage

CAB is a good source of info and free too but you will have to make an appointment. There are also many solicitors now that have set up where the first 30 min session is free ;)

[Telehandler]

Understand your comment boggy ,but its sometimes good to hear from real people on the real world if you get me? Nothing was written before hand and the mortgage was joint from the start. Cant really afford a solicitor and im sure the first 30 mins free will cover next to fook all lol

[trexamanic]

Sorry to read such a thread. Hope it all works out for you. I think you should seek professional advice that will be accurate and subjective.
Good luck with everything

[buzzbird]

My advice would be to get advice from two separate solicitors. From experience, as in all walks of life, there are good sols and duff ones out there.
Best to get a second opinion, to make sure you're getting the right advice.

[Zeeflyboy]

Advice regarding splitting from partner. With house/mortgage

Lawyers are expensive but you might end up needing one...

To me It depends a lot on how the break up is. If it is sufficiently amicable that you can come to a fair enough agreement between yourselves then it'll save you both a lot of hassle and expense.

If not I would talk to CAB first, and take it from there.

Commiserations on the situation.

[steve_b]

[QUOTE=Zeeflyboy;1042678]

To me It depends a lot on how the break up is. If it is sufficiently amicable that you can come to a fair enough agreement between yourselves then it'll save you both a lot of hassle and expense.

[/QUOTE]

+1 on this.

Me and my Ex split up after 14 years and I bought her out of the mortgage. The split was amicable and we agreed a value between us that I told my solicitor was the agreed amount and my Ex had to confirm to the solicitor. It still took 6 months to sort out though so wasn't quick but this was down to the bank as I have a very very good tracker rate which I feel they were trying to get me off.

You will most likely need a solicitor for the mortgage stuff as this will be stipulated by the bank, although what they did / do for the money I'm not sure as they only seemed to send a blank form for me to fill in at the start and a letter at the end, the rest of the communication was direct between me and the bank.

I'm also not sure how the % split would be as you've said that your Ex put more money into the house so this would need to be taken into account in my opinion.

As said above though, get some advice from the CAB and try to keep it amicable otherwise the only people that will win are the solicitors!

[iceuk]

Hi Tele,

I have been through your situation with the biggest bitch you could ever meet so with that here comes a wall of text (-:



Your probably upset and a bit low atm mate but keep your chin up and think of the future not the past, if you are on good speaking terms then tell her that you want to buy her out. Explain to her that she should come around and have the house valued whilst you and her are there, tell the estate agents you want a realistic price, once you have the figure work a price out with her on what she would be happy with 50/50

You do not want her to get the house valued on her own as if she says whats the best price I can get for house estate agents can come up with some crazy figures, you want a realistic figure.

If she says she put more money into buying the house try pulling her heart strings and say I want to stay here and that she can have what she wants from the house but not your helicopters (-;

Once she agrees to a figure you and her will need to go and see a solicitor, I think it should be ok using the same one providing you are on talking terms and have both agreed a figure. If it turns nasty you need your own solicitor.
House prices are slowly rising you want this done asap because if it turns nasty and goes to court that could be many months away by then house price has crept up and it will cost more! If she want's anything from the house let her have it, it's only crap that can be replaced.



A few things I learn't when my Ex fk off, "She had an affair"

She can enter the house whenever she wants you can not stop her or change the locks if you change the locks she can have you removed from the property, "via a court order"
She can take what she wants from the house anything that is joint, you can't really stop her, you can take her to court over it but judge will say she has to pay 50% of what it's worth, so take a TV what's it worth £100, it's really not worth the bother. She can not take anything you brought alone that's theft!

My ex gutted my house, I thought I had been broken into, solicitor told me it's not worth going to court over it as it will cost more than I will get back, she even said to me that I was lucky she didn't take anything from my garage.

If you meet someone else don't let her know, you know what women can be like.

if there is anything you really want to keep in the house store it in a friends house or relatives, I stored all the photos at my mums house and she came looking for them.

My ex intially agreed a figure with me but the more ppl she spoke to the more nastier she become and the more money she wanted.


You want this over ASAP, I can't stress that enough the longer it drags on the more she might want to force you to sell or become a right bitch.

[Telehandler]

Thanks iceuk, i think you and me need to meet and a have a few beers lol thanks for the advice though