Hi ladies,
This is going to be long and confusing I hope I don't forget anything.
My partner is currently separated and fighting over the house he wants to buy the ex out and she wants to buy him out the real issue is the house has been in his family for over 30 years he owned half the house mortgage free for over 20 years as his father died and left it to both him and his mother when he married his wife got a mortgage for 200 thousand to pay out his mother the mortgage his name is not on it just the deed she wants 60% of the house and for him to pay out the mortgage is this fair? Or is he entitled to more because of the heritage they were only married 3 years and have 1 child the house was valued at 500,000 from a estate agent however the bank only valued it at 440,000 she wants to give him 125,000 if she buys him out but wants 400,000 if he was to buy her out the mortgage is only $186,000 he wants to give her 250,000 and all furniture is this a fair price? Please any help would be great we are both stressed I only want what's best for him and to be fair to her. Sorry for the confusion thanks ladies
Separation and deciding house
Separation and deciding house
Posted in:
Relationships & Marriage, Money
3 Replies
Sounds like it may get messy and i strongly suggest getting a solicitor to help navigate whats fair and legal.
Personally i think the house belongs to him, but he would still need to pay her out regardless of how long they were married for.
250g plus furniture sounds a good deal to me, but everything needs to be done legally and signed agreements etc or it may come back to bite him on the bum later on.
You need a lawyer, only they can tell you where you stand.
Yes we do have a solicitor however she is very non comital in her answere and says just wait and see what she wants