I know there is no definitive answer to this and a solicitor should be sought. But some people must have some advice and experiences to share.
Me and my ex and have 2 young children and a joint mortgage. He left and moved out 3 years ago. At the time we calculated the equity in the house was £50k and so his share was £25k (13.89% of the house value).
I still live in the house with the children and pay the mortgage and bills. He did help with the bills for the first year on top on CSA payments. He now only pays CSA.
My ex has now approached me to see if he can get off the mortgage and have his equity. I've told him he can off the mortgage but wont get the money for 12 years (when our youngest will be 18). I've told him he can have his £25k then.
He immediately disputed the figure of £25k and said i should be paying him 13.89%. The house has increased in value so thinks his figure should now be over £30k (13.89% of £220k)
Can he request this?? He has said he'll take a lower offer of £25k if we sort out in the next few months. Otherwise he's threatening to take 13.89% in 12 years time. But this figure will be a hell of a lot more than £25k by that time.
My ex is making claims that his share is an investment and the value fluctuates with the housing market. He's also claiming, he'd be a financial loss by not having the money, because he' have to borrow an extra £25k to by his own house.
Am i right by standing my ground and giving him £25k in 12 years from now??
Like i said before, a solicitors is the best place, but people must have their own similar experiences or knowledge.........
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Divorce/separation
The house following separation
user1485116372 · 22/01/2017 20:45
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