Active discussions

Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

Buy now

Please or to access all these features

Talk
Divorce/separation

Here you'll find divorce help and support from other Mners. For legal advice, you may find Advice Now guides useful.

Original poster

Buying ex DP out

8 replies

Helpmeout84 · 21/12/2024 22:06

I am looking to buy my DP out of the house and I know the value of the house.

My question is do I also owe him for the extension which he paid to have built?

This could be make or break for me affording the house....

OP posts:
twohotwaterbottles · 21/12/2024 22:12

If you're married it wouldn't matter as it's all assets that are split. If you're not married I would ask a solicitor

ComtesseDeSpair · 22/12/2024 12:51

You need to agree between you on the buy out price. Presumably the valuation you’ve had done of the house reflects the added value of the extension, so there wouldn’t be a need to pay him for that separately, but ultimately it’s for you to negotiate. If you can’t reach an agreement between you then you can obtain a court order for sale or equity transfer where it will be decided for you.

SLRUS · 22/12/2024 13:03

You need to get a market valuation. That will value the house as it stands now (including the extension), then you figure whether you can buy him out at half of that. If he still has outstanding debt that he can prove was used for the family (including home) you will be liable for that.

Original poster
Helpmeout84 · 22/12/2024 23:16

Thank you. We're not married thank god!

I have house valued. He just keeps mentioning that he paid to have the extension built so I will need to pay him that back as well as half the house 😔. Not like I'll have 2 kids to support too!

OP posts:
Marmight · 23/12/2024 15:57

The value of the house includes the extension.
Assume that you own joint tenants? If so you own 50:50 legally.

ComtesseDeSpair · 23/12/2024 16:43

Helpmeout84 · 22/12/2024 23:16

Thank you. We're not married thank god!

I have house valued. He just keeps mentioning that he paid to have the extension built so I will need to pay him that back as well as half the house 😔. Not like I'll have 2 kids to support too!

Who was the valuation carried out by? If he doesn’t agree that the extension is already accounted for in this valuation, have if valued again by at least two other agents, and ask them to include in their written appraisal what they’d value at if the property hadn’t been extended.

Original poster
Helpmeout84 · 23/12/2024 19:13

ComtesseDeSpair · 23/12/2024 16:43

Who was the valuation carried out by? If he doesn’t agree that the extension is already accounted for in this valuation, have if valued again by at least two other agents, and ask them to include in their written appraisal what they’d value at if the property hadn’t been extended.

Show quote history

By an estate agent. He agrees with the valuation but the extension didn't really add on any extra so he now wants the money back he paid to have it built.

OP posts:
Daisymay2 · 23/12/2024 19:20

Hmm, my view would be that if you were both selling the house on the open market, would he expect the purchasers to pay extra for the extension, despite it not adding to the value of the house? You should get 3 estate agents to value it and go for the average. I don’t think extra for the extension is relevant.

New posts on this thread. Refresh page