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Paying "The Dementor" Off

(10 Posts)
hazel1910 Tue 12-Apr-16 19:10:40

I have 7 yrs 3 mths to pay on a repayment mortgage (£125 p/m), there is also a shortfall in the endowment on about £8.5K, but that payment is about £60 p/m
The house is worth £100K, so that would be split 50/50, he owes me £10K for a loan on a car and my solicitor says I can also take off the cost of a new kitchen £13K which came out of my mum's estate.
If I wanted to pay the Dementor off out of the house, how do I work out a settlement figure with the endowment and mortgage?
Any advice will be welcomed.

LineyReborn Tue 12-Apr-16 19:16:37

How many children and how old?

My ExH took quite a low cash-in-hand sum for his immediate gain, rather than wait until the youngest was 18.

hazel1910 Tue 12-Apr-16 19:52:52

2 children 14 & 11. He's in debt up to his eyeballs and I wondered about making a low offer to get shut, just don't know how low to go (if I dare).

LineyReborn Tue 12-Apr-16 22:43:18

Ok so he gets some cash now, or he has to wait until the youngest is 18 and the house is sold.

I'd offer him very little. There isn't a huge amount of equity in it when the money he owes you is taken into account, and you get custody of the mortgage.

Cabrinha Tue 12-Apr-16 23:31:04

You're not married so it's not a marital asset.
Is he on the deeds? On the mortgage?
If not, I'd let him whistle for any of it.

LineyReborn Tue 12-Apr-16 23:42:21

Oh, you're not married?

What Cabrinha said then.

hazel1910 Wed 13-Apr-16 19:22:06

Hi, thank you for your help.
I'm at the solicitors tomorrow, I going to ask him to make a low offer, see how that goes. Thing is the twat is out for 50% of everything. I'm ready for a fight... bring it on!!!

LineyReborn Wed 13-Apr-16 19:41:23

Don't go over £5k as Fuck Off Now money.

Cabrinha Wed 13-Apr-16 22:07:05

Is he a joint owner of the house though?
If he isn't, then you can probably treat him as a lodger and tell him to fuck off without a penny 😀

hazel1910 Thu 14-Apr-16 07:19:14

I love the "Fuck Off Now" money idea (made me chuckle), but it is a joint mortgage.
He bought nothing for the house except 1 TV and a stereo (which were weren't allowed to use), he choose to buy car after car (don't slam the door! the kids and I couldn't even eat a flipping TicTac in the cars, but he could smoke until I put my foot down about him smoking with the kids about), and he was also a borderline drunk and a smoker.
Just wish I'd got shut of him years ago.

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