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Ex Partner wants to buy me out - help!!

1 reply

brookgreenmum · 29/11/2024 18:32

Hello all. I was on here some years ago but took a break. Things have changed somewhat, relationship broke down and I'm in a bit of a panic now, looking for opinions really if anyone has had similar circumstances.

Unmarried, together 19 years, two children 17, 14. Separation back in June, he moved out to give me space.

Now he's back in contact, wants to buy me out, reasonable offer about 85% of the actual equity share if we sold it. He paid the mortgage and bills for the whole time and the deposit. House owned jointly 50/50 and I am on the mortgage.

I'm not in a bad position, earn excess of 50k pa, we have approx 200k of equity. I know having the children gives me some power, but the income and equity means I doubt i'll be able to convince a court to stay on till the kids are 18 or so.

Fighting it in court would be at least 15k if I lost according to advice. Friends tell me to fight!

What would people do in this situation? I couldn't go out and buy again in this area, renting is possible. I am really stressed now, losing sleep and hair - didn't think about this tbh, focussed on the kids and thought it'll sort itself out.

Thankyou!

KimMumsnet · 06/12/2024 11:44

Hi, OP. Hope you don't mind us popping our head round the door to let you know about this AMA we're doing on Monday:

https://www.mumsnet.com/talk/AMA/5224878-ama-on-divorce-financial-separation-and-co-parenting-with-amanda-bell

Might be useful if you have anything you need to ask!

We’re pleased to announce that Amanda Bell, Co-Founder of affordable divorce platform SeparateSpace, will be doing an AMA this Monday (9th December) covering divorce, financial separation and co-parenting.
Before founding SeparateSpace, Amanda was a Legal 500 recommended family lawyer at a market leading London law firm. She helped hundreds of clients sort out their finances and parenting arrangements following separation. Amanda now leads SeparateSpace - an online platform created by experts across law, finance, therapy and psychology to provide affordable support through divorce

SeparateSpace

SeparateSpace. A faster, cheaper etc

http://www.separatespace.co.uk/

Watch this thread for updates

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