Ex wants to buy me out but will only pay mid point between valuation and initial purchase cost

[Timeline]

Hi

My ex thinks that estate agents inflate prices. I got a valuation today and my ex wants to take a half way point between what we paid for our flat and what valuation is. The valuation was worked out by looking at sales prices of comparable flats in the area.

Also, my dad has done renovations for free on the flat and my ex would be benefitting from this, and not taking any of that increase in value into consideration.

My ex thinks he is being reasonable and acts like what he is saying is completely normal. The problem is that I feel gaslit. This has been happening for years. He will somehow make it seem reasonable for me to bend over backwards for him and his needs and I realised this and broke up with him.

I’m going to take the valuation report to someone who can give me proper financial advice. Not sure who yet but I was going to phone a helpline.

He need to buy you out at market value. Simple as that

Get three valuations done and pick the average of those. That's your starting point. If he disagrees you're better to sell on the open market and get your full value of the equity.

Let the solicitors do the talking

Get more than one valuation .

Are you married ? Both on mortgage .. is he planning to buy you out ?

This. You get three different agents to value the property and send you the valuations in writing. Then average out the figures and that's the figure you go with.
If you are not yet in mediation then I suggest doing that first. If he refuses or mediation fails then next step is court.

This. Minus a bit as if selling via an agency there would be estate agent fees to pay coming off the cash value which you'd be saving

Not married, both on mortgage 50/50.

He is planning to buy me out.

My ex thinks that estate agents inflate prices.

I bet he does. And how would he approach this if you were trying to buy him out?

Estate agents do over inflate prices. It is very common for properties to be on the market and to have to reduce the asking price because the estate agents have not estimated well.

We just sold out house, sold it at full price to the first viewer. Two other estate agents under valued it, not the other way around.

Get three valuations and start from their, plus some legal advice. You are being gaslight.

Get three valuations and go with the average of those. If he can’t afford it, sell up and get away from the loon.

Is he saying that he will only pay you half the equity and half of what is left on the mortgage?

To which your response is "lol", you can transfer half the valuation to my account when the transaction goes through.

If he won't pay valuation you can sell the flat and split the proceeds. He's trying it on.

Counter offer him what he's offering you and see if he would take it.

He’s saying he will pay me what I put in to the deposit, plus what I paid in the years we have had the mortgage, plus 1/2 of my 1/2 of the increase, so a 1/4 of the increase from buying cost to estimated sale cost, does that make sense? So if he was going to go with the estate agent figure I’d get 1/2 of the increase, not 1/4.

Nah mate he's wrong

The odd EA may artificially inflate the valuation in the hope that you'll choose to sell through them - as though they can get you tens of thousands more than other EAs just by virtue of being such great salespeople - but the vast majority are much more realistic.

They may suggest that you inflate the asking price, in the hope that you might get lucky; and/or expectation that buyers will want to 'knock you down' - but this is not the same as their actual valuation.

To be fair, you shouldn't really be using them for a free valuation, when you have no intention of selling, as they only offer this service free as the first part of their actual agency (i.e. selling) business.

If they knew that you only wanted a price for selling to an agreed person, without any chance of commission for them, they would either decline or otherwise charge you a fee for it.

He’s having you over! Don’t even consider it! Have you not got divorced/financial order?

Well that's a lovely story he's come up with.

Why are you giving this utter nonsense the time of day?

How grand of him to let you know what you'll be getting.

Tell him to fuck off, then get your lawyer to do the rest.

He can offer what he likes, you refuse. Ask him to get three valuations, you do the same. Add together, divide by six, that's the fair price. He is already saving stamp duty and estate agent fees so you can be a bit generous.

That's an interesting way of thinking.
But at least you know the reason behind it.

Buying someone out is always interesting.

make sure you get legal advice on this

I just did a quick calculation. Valuation: £230k minus remaining debt on mortgage: £110k equals £120k equity. Divided by 2 which is the standard for 50% ownership and he owes me £60k.

He has offered £22k.

This!
This chancer is trying to gaslight you into believing that he is in a position to call the shots.
He is not. Do not obey him fgs!!

Nice try but, no, he buys you out at market value - and if he can't do that then get it listed next week.