Krukakruka
Registered User
- Messages
- 2
Myself and unfortunately my now ex only recently switched mortgage providers and signed into a 5 year fixed rate in November and have just under 20 years remaining.
Bought for 230K in 2014
Original mortgage 213K over 25yrs
Remortgage Amount (we had 55K work done and had our house loan consolidated): 211K remaining - 3 monthly payments made (it's a very sudden breakup)
Current value: 310K (valued in Sept) to 350K approximately
We've never been behind on bills, we have no dependents. Neither have loans or credit cards or cars. My ex wants to sell immediately and move on.
I've had a bereavement and should hopefully be coming into inheritance of hopefully 20-40K depending on the housing market (a house will be sold and I'll get a share of the proceeds). I do not know exactly when that will happen.
We're 50/50 joint owners and although one had a higher deposit, the difference is being repaid in monthly installments. There is nothing legally written down about the deposit discrepancy or repayments. We're both decent people and a word of mouth agreement was always going to be sufficient. All of the household outgoings come from this person's private current account.
I have zero savings due to the previous financial strain prior to remortgaging. I earn €33K pre tax. They have approx 10K savings and earn €40K pre tax.
I'm just wondering how much exactly would be required for either of us to buy each other out. The house is in a very sought after area and it will definitely be sold quickly if needed. Personally, I've no family and I'm from the area so I'd prefer to live in the house and buy them out.
Any help during this difficult time would be greatly appreciated
Bought for 230K in 2014
Original mortgage 213K over 25yrs
Remortgage Amount (we had 55K work done and had our house loan consolidated): 211K remaining - 3 monthly payments made (it's a very sudden breakup)
Current value: 310K (valued in Sept) to 350K approximately
We've never been behind on bills, we have no dependents. Neither have loans or credit cards or cars. My ex wants to sell immediately and move on.
I've had a bereavement and should hopefully be coming into inheritance of hopefully 20-40K depending on the housing market (a house will be sold and I'll get a share of the proceeds). I do not know exactly when that will happen.
We're 50/50 joint owners and although one had a higher deposit, the difference is being repaid in monthly installments. There is nothing legally written down about the deposit discrepancy or repayments. We're both decent people and a word of mouth agreement was always going to be sufficient. All of the household outgoings come from this person's private current account.
I have zero savings due to the previous financial strain prior to remortgaging. I earn €33K pre tax. They have approx 10K savings and earn €40K pre tax.
I'm just wondering how much exactly would be required for either of us to buy each other out. The house is in a very sought after area and it will definitely be sold quickly if needed. Personally, I've no family and I'm from the area so I'd prefer to live in the house and buy them out.
Any help during this difficult time would be greatly appreciated
Last edited: