*TOXIC MUM* Do I take her to court?

[LIZ1017]

Very long one so please bare with me...
I bought a house with my mum when I was 18 (10 years ago). House was 150,000 and have paid the mortgage since. Mum moved house to a £300,000 house after receiving some money from a family member. We transferred the mortgage and have paid £300 a month for 10 years towards the houses.
Fast forward 10yrs, I met my lovely husband 9 years ago and we have 2 children 5 and 2. We are currently renting but finding it hard to save as we are paying for mum's mortgage. ( I have never lived in these houses). Ne and my husband are now looking to buy a house and (as my mum promised whilst growing up) I have asked for 30,000 for a deposit. This is what I have put into the house over the years. I'm not asking for a penny more.
However she has now told me she has used what she had in savings (20,000) to pay the rest of the mortgage off leaving 16,000 now left on our mortgage. And that she doesn't have the money to give me. My mum owns 4 house, rents 3 out, has a well paid job and holidays 3-4 times a year. We on the other hand are literally drowning.
I have asked her to remortgage the house and take my name from it and she has refused as she states she will then have to give me 125,000 and she's not doing that.
Where does this leave me? Would I be unreasonable to get a solicitor involved?

Seek legal advice regarding severing your share in the property.
She can either buy you out by remortgaging the remainder or sell.
Situation is bonkers, all your equity is tied up in a property you are getting no benefit from.

Thank you all so much for your help!! It is greatly appreciated. I have now been in touch with a solicitor and hope to begin a long journey ahead of finally owning my own home!
Honestly can't thank you all enough!!

You can take her to court to force a sale, but unfortunately it’s likely to be very expensive. You should claim the 50% not just £30/36k!

Well done. And good luck!
Let us know how it goes.
You and your family deserve to have your fair share of that money and the chance at buying your own house.

Well done, OP. It will take ages but that is ok. You just hold your nerve and think about what is best for you, because nobody else knows that.

Well done, and good luck, OP! I can't believe your mum has been renting out properties whilst you have been paying half her mortgage and renting yourself. I hope your solicitor can find a way through for you and you can cut all financial ties. As pp have said, I think you are owed a lot more than £30k, which even after capital gains tax, should leave you a nice amount for a deposit on a place of your own.

Get proper legal advice - you are owed more than £30k by the sounds of things and your Mum should know that and want you to have what you are owed so that you can get your own house!

You're owned half the value of the property, not just you mortgage payments, which there is an argument to also get proportionate interest on the investment which may be more or less depending on what (if any paperwork you have deed of trust etc).
She also owes you market rate on her half of the rent.
I'd make her aware of both these things, with values. It'll make the 40k you need now, more context, however she is not trustworthy.
Get what you're owed and sell. She can move in to one of her 3 OTHER properties.
She wants you to ckmtjnyto fund her 4 holidays s year, whole you're whole family struggle.
Get legal advice ASAP!

She's taking the p*ss. Go legal, force a sale and take half the value not just what you put in... that's not how investments work.

So your mother has been taking income from the other rental properties - whilst letting you pay part of her mortgage, and meanwhile you are in a rental property…

Before going the legal route - is there another senior trusted family member or other trusted person who could speak to her as an intermediary - so she sees how unreasonable all of this is?

not sure there will be any CGT as this is not an investment property? Its also not her primary residence so worth OP checking with a tax accountant

get The law involved and get your 150k (or more!!) whatever you are legally entitled to.

You mum doesn’t have to give you all the equity you are entitled too. You can settle on an amount so if you are happy with £30k then you can take that.

some banks will allow 2nd residential mortgages (I am a broker) but you have to be able to prove that you can afford to run the 2 houses and you would have to pay 2nd property stamp duty. I would seek legal advice though