Split and money

[sharalanda]

Not married. Joint owners of our house. He said he will buy me out. I put £150k in - is this all I'm owed or more assuming it's increased in value a bit. He's going to be a dick about money, I know it, however he's got lots and I'm on minimum wage so want to get all in entitled to.

If he gives you £150k and pays all legal fees that's not so bad really. Had you had the money invested in a bank for 2 years it would have made you probably £3k Max.

Can he afford to raise an additional £150k mortgage to buy you out?

Can he afford to raise an additional £150k mortgage to buy you out?

Apparently so! I've got no idea how much money he has as he doesn't share that sort of information

Based on your other threads, I assume you’re not living together and haven’t been for a while, so it may be that it’ll suit him to just pay you to have it done and dusted for good.

I would accept the £150k and he pays all costs. Once selling costs are taken into account I doubt you would receive more especially as you haven't ringfenced the deposit

If you don't contribute to the mortgage and be pays it fully, why do you think you should have a penny above the £150k you put in?

Standard procedure for divorce is 3 written valuations and take the average (even if not being sold). To make sure there is a fair view.

However, i'd advise caution. As you haven't protected your deposit if he pushed for true 50/50 and to take account he paid the mortgage you could end up worse off.

@sharalanda

He put 100k in. I do think he'll give me my full deposit. He's an arsehole but wouldn't steal money. I just think he'll argue anything over the deposit. I think the house has gained a bit of value but he would say it hasn't. An estate agent would say it has but then you never know until you sell and he doesn't want to sell. It's "his house" apparently.

When exhusband and I split, he wanted to keep the house.

We got three estate agents to come and value the house and took the middle one.

He then bought me out.

If you don't contribute to the mortgage and be pays it fully, why do you think you should have a penny above the £150k you put in?

^^ op owns a house she cant live in and is therefor having to pay rent