Blended fanily not worked/selling property

[user50and]

Does anyone have any advice?

DP and I bought a property together 3 years ago today on a 5 year fixed deal. Mortgage is around £300k, house worth maybe £900k. We're both 53. My DS19 and DS15 live with us full time. He has DS20 and DS19 that visit occasionally. Been together 12 years.

The relationship has broken down, we just want different things, sex life is non existent, we parent differently. I just feel it's fizzled out.

To add to things we're just coming to the end of a renovation. Extension is done, just needs decorating throughout, some rooms have bare plaster ceilings.

I can't afford to buy him out and vice versa. Redemption fees are quite substantial. My question is what to do? Do we try and sell in it's current state? Or try and stay 18 months till we.can sell at the end of the fixed rate?

It would be a miserable 18 months.

Bare plaster ceilings aren’t a reason to delay, splash some white emulsion on, sell and move on. You’ll all be happier a lot sooner.

Emulsion the ceilings, it will help. As to whether to sell now or wait, that depends on whether you can live together without being together (I managed 9 months fine, but others would struggle), I did sell a year earlier than my deal and they charged a 6 month penalty so better than feared

Find out what the penalty actually is and then decide what price your happiness comes at.

If it's say £2000 is that a price you're willing to pay? Also keep in mind it will take a while to actually be out of there so even if you sell now it could be six months until the mortgage would be redeemed so potentially not as bad as you'd think.

They always start emailing me about three months before my product is due for renewal so I'm not sure if you can get out then free.

Defo finish thing as nicely as possible to attract a good sale price even if that means a couple more months.

Perhaps you could just be friends/flat mates from now til it's over rather than looking at each other an 'an ex'? Rule number one though is no dates to be brought to the house.