To sell or stick it out?

[Goldylookingchain]

Hello, this is my first post so please bear with me...

Without writing an entire essay, here's the headlines of my situation: the relationship has broken down with the father of my child, we have a mortgage together although he is on it as a homemaker (i.e. Didn't have a job when we bought the property) and didn't put anything down as a deposit. He is a builder so have refurbished the house, new bathroom, landscaped the garden, put a woodburner in and is now half way through a kitchen extension. I have used my savings to pay for everything and he has done all the work.

The relationship has broken down beyond repair, and I am just not feeling it anymore. I can't afford to get the extension done myself, the mortgage is too new to release any equity and I have taken on too much credit to try and pay for everything so can't get another loan.

Do we just try and sell the house as is - completed extension but with no kitchen installed or do I hang on for a few months as I am being made redundant and use the severance pay to finish the kitchen? He doesn't have a regular income being self employed so he won't move out unless I give him some money (for all the work he has done on the house).

So what do you think?

I may be wrong but I'm pretty sure a house has to have a functioning kitchen in order to get a mortgage, so this may affect your ability to sell?

It depends on how it has broken down I think. Are you in a position to live like flatmates for a while? I know it isn't ideal for everyone but some people make it work quite well and find that once they end the relationship they are actually quite happy to live together as friends.

I wouldn't personally buy a house without a kitchen (or semi-functioning bathroom), it is just one of those things you need, but then some people do like a do-it-upper. You might get a developer interested as they won't be living there but they are probably going to lower their offer for it. Have you checked out the finance side of it? If the mortgage is fairly new you may end up owing your mortgage company money after the sale because of the amount of interest added (usually not but it can happen)