Tweet
Looking for some advice.
My ex partner and I split earlier this year, we own a house as Joint Tenants. She left the house upon separation although has still been paying half the mortgage. I have a mortgage offer which will enable me to purchase her share of the equity and transfer the property into my sole name.
I have calculated that there is circa £39,000 equity in the property, based on 3 EA valuations, taking off the outstanding mortgage as of today, the early repayment charge which would be applicable as I am transferring to a new lender and also the Help To Buy loan.
I am planning on offering her £15,000 for this to be sorted quickly.
Is this a fair offer, her solicitor has stated that should an offer not be received soon, she will issue court proceedings against me to force the sale, obviously this is something that I would like to avoid as there is no dispute regarding ownership share etc, so it is just the negotiation that is required and I don't think a judge would be needed for this.
The ex refused mediation for all matters from child arrangements to discussing the financial settlements, would this be taken into consideration should the matter go to court and in the awarding of costs, I have read differing views on this matter etc.
My ex partner and I split earlier this year, we own a house as Joint Tenants. She left the house upon separation although has still been paying half the mortgage. I have a mortgage offer which will enable me to purchase her share of the equity and transfer the property into my sole name.
I have calculated that there is circa £39,000 equity in the property, based on 3 EA valuations, taking off the outstanding mortgage as of today, the early repayment charge which would be applicable as I am transferring to a new lender and also the Help To Buy loan.
I am planning on offering her £15,000 for this to be sorted quickly.
Is this a fair offer, her solicitor has stated that should an offer not be received soon, she will issue court proceedings against me to force the sale, obviously this is something that I would like to avoid as there is no dispute regarding ownership share etc, so it is just the negotiation that is required and I don't think a judge would be needed for this.
The ex refused mediation for all matters from child arrangements to discussing the financial settlements, would this be taken into consideration should the matter go to court and in the awarding of costs, I have read differing views on this matter etc.
