Hi.
I am hoping that maybe someone would have some experience of this situation and could advise me on whether or not he's offering me a good deal, or trying to pull a fast one.
We bought our new build flat 3.5 years ago with shared equity (15%) and a 5% deposit. Purchase price was 103k. Since then, it has now been valued with a home report at 125k, but an identical flat sold last month at 132k. We have 80k on the mortgage and my STBXH has told me that he thinks he will be making me an offer of around 11k to transfer my share of the flat onto his sister, who will be providing the money for this.
We're planning to sit down this week to discuss. He claims that there are a lot of fees involved which he did not expect, such as solicitors, admin fees and early payment out of the mortgage and shared equity. I am planning to consult a solicitor too, however at the moment he has all the paperwork and knows what is happening, and I am completely clueless and don't even know what questions I should be asking.
I would really appreciate any help!