Looking to buy exDH out of the family home in the next 2 years or so when the current fixed rate on the mortgage ends. 50:50 split of the equity would be about £75k each, exDH has said he would be happy with £50k lump sum that he can put towards somewhere else.
My options seem to be either give him £50k cash - I don’t have this and won’t have this or anything near it in 2 years. Or take out additional borrowing on the mortgage when the fixed rate ends to give him the money that way. This looks very unlikely on my current earnings when I’ve looked at mortgage calculators. I will try to increase my earnings and clear down some existing debt to give myself the best chance but as it’s only 2 years away I’m slightly limited in how much difference I can really make.
Other than selling (which I’m desperately trying to avoid as I would need to move out of area for something I can afford and both DC will still be at high school) are there any other options for me? Thanks