Could he rent out a room in the property to help towards the mortgage?
Let's recast this:
- you would settle for a clean break and walk away with nothing if that were possible;
- he probably has some leverage because you are a party to the mortgage;
- you probably have some leverage because you have a right to live in the house.
He does not want you in the house with him, nor does he want anybody else living there either. In my opinion, he is being unreasonable in wanting sole occupancy of a house to which you both seem to have rights. But I'd bet his opinion is different.
How would it be if he moved out, you moved back in, and rented out a room?
Hi Ailbhe, may I ask did you and he have a child with your ex?
EC
It is something we have discussed but we both have loans from furnishing the house etc and just can't afford to add to that. My budget is minimal as it is.It would be just way too much to take on.Whats the position on pricing the house to sell i.e., reducing the price enough to guarantee a quick sale?
Using your figures - could you sell it at 280 and borrow the 12 outstanding (half each) plus solicitors fees? I know it would cost money, but its costing money to service the mortgage, plus you may end up chasing a falling market and lose even more if it isnt budging but the price stays where it is to cover the mortgage?.
Renting it out isn't going to solve the issue as there is still the balance to be paid and I can't afford half that balance on top of my current outgoings. We would be short by about 400 based on current rental prices (i've looked into it)Alternatively could he move out and rent out the entire property until a later date when the market has recovered OR until there is enough paid off the mortgage (by rent) that ye could sell and get enough to cover the amount outstanding..
It sounds like his new partner is jealous of his past, is it necessary that he stays in yourself and your daughters life seeing as he is not her biological father? I realise this may sound cold but he sounds like he is difficult so rather than face problems down the line would a clean break now be better for all concerned? What will happen if he has biological children of his own - its possible (way down the line) that there could be issues if he is spending time with your daughter when and if he has his own children?
That would all just be more stress in yourself and your daughters life.
It is something we have discussed but we both have loans from furnishing the house etc and just can't afford to add to that. My budget is minimal as it is.It would be just way too much to take on.
Renting it out isn't going to solve the issue as there is still the balance to be paid and I can't afford half that balance on top of my current outgoings. We would be short by about 400 based on current rental prices (i've looked into it)
I did consider all that when we broke up initially and at the end of the day it isn't my choice to make.
My daughter adores her "daddy" and I amn't the one who will take that from her even though I would prefer not to have him in my life.
But I am the one who would have to face her when she is older and explain that I stopped her daddy seeing her.
If he chooses to mess it up in the future for whatever reason, then that will be something he has to live with and my daughter will know she has at least one parent she can trust and rely on.
The house is up for sale but in the current market it will take a while to sell it.
Is there any chance his new girlfriend would buy out your half and take on the mortgage with him?.
You are definitely being mature as regards their relationship anyway so thats a positive within all of this.
I think you have to be realistic here. The house will sell if it is priced well. If it is priced above similar properties in the area, then it will not sell. It will not take 'a while', it will take 'forever'. And the market is not magically going to improve in the short term.
If you are genuinely trying to sell the house, then ask an auctioneer for a realistic price, which will be less than the other properties in the estate. 6 months with no viewing means that buyers think it is too expensive.
Unfortunately, what you and your partner hope to get from the sale and what someone will actually pay to buy the property are entirely different things.
I am glad peace has descended for now, but you do need to sort this out sooner rather than later.
Could YOU buy him out and take over the full mortgage - then rent out some of the rooms to supplement the repayments?
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