futurebabe
Registered User
- Messages
- 4
Any advice appreciated.
Separating after 15 years cohabiting, house jointly purchased, 17 yrs remaining on mortgage term.
2 children aged 15, children spend equal time with both parents so no maintenance being paid from partner who left family home.
mortgage paid equally by us both, school cost etc paid equally also.
What options do I have to buy him out/ change mortgage to my own name?
I earn 31,800 per year
House is not in negative equity
110,000 remaining balance
House purchase cost was 150,000 value now approx 220,000
In mediation at present, ex agreeable to paying mortgage jointly until cleared.
Also have option to sell then, sell now or at any stage over remaing mortgage term splitting proceeds 2/3 me and 1/3 him
Option to buy him out now or at any stage in future also would be 2/3 : 1/3
I'm reckoning buying him out now is a better option ? Any advice, thanks
Separating after 15 years cohabiting, house jointly purchased, 17 yrs remaining on mortgage term.
2 children aged 15, children spend equal time with both parents so no maintenance being paid from partner who left family home.
mortgage paid equally by us both, school cost etc paid equally also.
What options do I have to buy him out/ change mortgage to my own name?
I earn 31,800 per year
House is not in negative equity
110,000 remaining balance
House purchase cost was 150,000 value now approx 220,000
In mediation at present, ex agreeable to paying mortgage jointly until cleared.
Also have option to sell then, sell now or at any stage over remaing mortgage term splitting proceeds 2/3 me and 1/3 him
Option to buy him out now or at any stage in future also would be 2/3 : 1/3
I'm reckoning buying him out now is a better option ? Any advice, thanks