Bought a house with my girlfriend 4 months ago but things going very bad at moment so there is a possibility that are we may be selling it soon. Neither of us would want to keep it on our own so would just cut our losses and move on. we have a 30 yr mortgage with first 5 yr fixed. If we go to sell it would we end up owing the bank a load of interest or would selling it cover everything???
Current valuation 215k
Deposit paid by me 8k
Deposit paid by her 0k
Purchase price 215
Stamp duty 0
Total mortgage payments 3k in total, 1,500 each
Current valuation 215k
Deposit paid by me 8k
Deposit paid by her 0k
Purchase price 215
Stamp duty 0
Total mortgage payments 3k in total, 1,500 each