Forces help to buy, break up, need help !!!!!

[sophiesophie88]

Hi so not really too sure where to go or who to speak too. Me and my oh have just broken up after nine years together and two years we got our first house together through the forces help to buy scheme. I'm a civvie.

He has decided he wants to buy me out of the house, how does this work. We have had a valuation on the house and it has gone up by 40000.

How do I work out how much I am entitled too, if any at all.

We also borrowed 10000 from his mum as the mortgage company undervalued the house from the asking price so we had to make up the difference .

Any advice would be greatly appreciated as I feel he is taking control and not too sure where I stand

Many thanks for reading x x

No-one on here can give you a sensible answer. You are entitled to a fair share of the assets of the marriage, which includes the equity in the house. What constitutes a fair share depends on a range of factors. It isn't simply a case of 50% each. You may be entitled to more or less than 50%. You need to consult a solicitor. Once you have given them all the facts they will be able to give you some idea how much you are entitled to.

Are you married?

When you bought, did you record your shares in the property? Do you remember getting advice from your conveyancing solicitor about being Joint Tenants or Tenants in Common?

If you are straight forward joint owners and are not married, the presumption is you are each equally entitled to the net equity. This is value of the house less the mortgage and 3% of the gross for costs of sale. If he can't buy you out at that rate or get you off the mortgage you will need to sell.

Hi thanks for the reply. No we are not married and the mortgage was 50/50. If he buys me out he thinks I should still pay half of the forces deposit. Obviously I will seek help from a solicitor on this as if I do pay it and when he does eventually sell the house at some point I won't be getting this back. Also on the forces help to buy I'm not sure if we can sell the house before we have had it for 3 years.

Very stressful and confusing as people keep telling me different things lol x