Buying stbxh out of property, throw all savings at it?

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Need to give him 78k I have 46k in cash do I just chuck it all in to keep the mortgage low and build savings back up?

I would. You’ll hardly feel a mortgage of 20k and it’ll give you more freedom. Good luck!

Yes

I'd keep a few thousand back as a contingency fund. You won't notice that extra on a mortgage.

Keep some as a contingency. I'm in a similar position (and a mortgage broker) so that would be my advice. If anything crops up unexpectedly up it's good to have a cushion to fall back on

I would keep quite a bit as contingency and overpay each year as I go to keep more flexibility.

Thank you everyone. I’m finding it all a bit overwhelming

Sit down and work out your ins and outs and run a couple of scenarios ..

Will you be given a mortgage for the full amount?

Can you easily afford the repayments on it... is it more than 50% of your net income?

What other demands on your income do you have?

Do you have any large maintenance issues on the house that will need to be addressed?

Any other expenditure coming up - kids going to university, car reaching end of useful life?
Keep some savings.. work out what feels comfortable for you.. 3 months of income is a good starting point.

You have a decent amount of savings so your income is unlikely to be frittered away but it may not be so easy to build back up again when all of the household expenses are on you alone.

Take it one step at a time.. go through it with a trusted friend / relative or someone a little further away if you think that will bring you calm. Take a breath, stay calm. You have options.

Thank you @ChateauMargaux very good advice, I have been too scattergun and reactionary about it alll

Have you ensured you have sought legal advice around how much is required to buy him out? As i worry he has given you a sum and your trying to secure it

This is not exactly what you asked but my first question would be, are you sure you want to stay there ?

Maybe you've already thought it through, if so I apologize, but I'd start by looking at other properties in the area (assuming you want to stay in the neighbourhood). If you have some of the equity plus your savings plus a small mortgage, what can you afford ? Would downsizing be a good idea to keep overall costs lower ? (energy, heating, etc).

Staying put may or may not be a better deal financially but it can't hurt to look at all your options. Personally I'd be tempted to move as I'd rather a fresh start and build new memories, but I appreciate not everyone feels the same.

Ideally I would move but dd is really resistant and after the past couple of years I want provide as much stability as possible I will probably sell up in the next 5 years or so when the dust settles