Separation/property advice

[Singlecatlady73]

Would be grateful for any advice before I speak to a solicitor…
My partner and I (not married) have recently separated. We own a property together and I have moved out - my partner put down the deposit and prior to moving out I contributed to the mortgage. My partner wants to keep the house and wants to take me off the mortgage, however he does not want to pay me anything in return. I am not interested in taking his deposit, or even 50% of everything. I would just like some guidance on what is a fair amount to expect to receive in this situation in return for transferring my ownership, given that I have now lost my first time buyer’s relief and am still paying off a credit card which was taken out in my name to pay for most of the household items (which he also paid towards prior to separating)? We are joint tenants and there is no declaration of trust in place.

Get proper advice OP but I think you are in a strong position. You can force a sale and take away 50percent of the proceeds. Think about how much you want to adjust that to take account of his deposit and your costs.

Thank you for your advice ❤️ I don’t want to force him to sell unless I really have to, but at the same time I don’t want to walk away with nothing. I know whatever I ask for he is going to think I’m being unreasonable…if anyone has any solicitor recommendations that would also be appreciated. I did contact one firm yesterday but they want £500 for a consultation which seems a bit steep…but then this is unfamiliar territory for me so maybe that’s normal?

Not every house is a gold goose finically

Fair play to you about his deposit
get it valued
deduct purchase price and his deposit that leaves equity/profit you’ve built then ask for 1/2 of that
but also is there any penalty fees on mortgage because again you would have to pay 1/2 of those and don’t forget legal fees
quite often there’s little equity in the first fee years unless you’ve done major renovations

as for credit card stuff 50/50

Value house
deduct deposit
deduct outstanding mortgage

ask for 50% of any equity remaining

Thank you all! ❤️

Well you’re entitled to 50% of the deposit unless he protected it in some way. Obviously you don’t want to do that, but it’s a good bargaining tool. When did you buy the property, how much has it increased in value. You are entitled to half of the equity at least. But i’d also ask for x amount for his share of the furniture you purchased on the credit card, or more if he is keeping it all.