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Hi.
I have broken up with my ex, we own a flat together.
We have no children and we are not married.
I am looking to stay in the flat, 'buying him out'.
I have a few questions with regards to the transfer of equity.
1. Do I need a separation agreement? The bank advised this was necessary, can someone please confirm if this is the case.
2. When I am calculating how much I owe my ex, can I deduct any fees. I,e Estate Agents fees, legal costs etc. Due to the way we broke up, he is happy to not receive his half of the equity. Can I deduct further costs so long as my ex agrees to it? Or does he have to legally receive his half. When we purchased the flat, we both put in equal deposit, and pay equal mortgage payments each month.
Thank you for your help.
I have broken up with my ex, we own a flat together.
We have no children and we are not married.
I am looking to stay in the flat, 'buying him out'.
I have a few questions with regards to the transfer of equity.
1. Do I need a separation agreement? The bank advised this was necessary, can someone please confirm if this is the case.
2. When I am calculating how much I owe my ex, can I deduct any fees. I,e Estate Agents fees, legal costs etc. Due to the way we broke up, he is happy to not receive his half of the equity. Can I deduct further costs so long as my ex agrees to it? Or does he have to legally receive his half. When we purchased the flat, we both put in equal deposit, and pay equal mortgage payments each month.
Thank you for your help.
