I hear people talking about this, and know people who have "bought their ex out of the house". Mainly as far as I know with large cash injections from family.
I don't think it's an option for me, but I'm clueless as to how it would work.
Ex-dh (separated, not divorced) and I have both paid the mortgage equally over many years. Unfortunately it's massive as we remortgaged to get work done on the house. However we still have some equity in the house.
I am in the house with the kids, and in an ideal world we'd stay here.
Could anyone explain how I even begin to work out what his share would be? In very simple terms?!
I know I'd need to get the house valued, then, work out the difference between what's left on the mortgage and the value of the house?
Utterly clueless. Any help very gratefully received!