seperation

[Raychil]

In brief-

My daughter was forced to leave her jointly owned flat in June this year after her partner become unreasonable (drugs and behavior issues)

They have only owned the flat for 1.5 years.

The problem we face is- the flat was purchased for 270k and has lost 25k in value. (professionally valued)

My daughter's investment was 27k her partner was 6k, all payments are up to date.

There are 3.5 years on a fixed-term left so to sell now will incur further losses. (7.5k)

Buying him out at market value is an option but not preferred.
There is a trust deed in place 54% vs. 46%

Both parties have a commonsense approach, but there is a certain element of being forced into compliancy on his behalf as he is a clever bugger.

My question is-

He has provisionally agreed that if we refund his initial investment he will move out and stay on the mortgage as a silent partner until the fixed term is up.

As this is not the 1st time in history this has happened is there a legal document out there that will accommodate this situation, we are only seeking a fair outcome for both parties.

Thank you

[jaguarsuk]

You would need to draw up a contract between the parties, which will be no simple feat given the nature of what you are trying to achieve. Doing so yourself risks at a later date him consulting a solicitor and them being able to take advantage of the situation.

I know it costs money, but this is definitely one where you need to see a professional and pay for their time given the potential financial outcome.