N
nailler
Guest
Hi - new to board, had a search couldn't easily find similar threads.
Looking for some advice. Myself and my partner recently split up (messy). We have a property together which needs to be sorted. They are amicable people so it should go down 50/50 no worries if sold. But I'm thinking hey maybe I could buy it out, whats involved, anyone been down this route? The property was bought 2 years ago for 380k with a mortgage of 350k. I understand the property would need to be valued etc etc, but what type of figures would I be looking at for a buy out?
Also is it a bad idea to start talking to the bank where we have our mortgage about the options or do they get freaked out that there's trouble on that mortgage a/c?
And I should add, I'm probably just about to quit a permanent job to go into contracting work - do the banks not like this at all, like anyone had that experience do they look unfavourably on you because its irregular income etc?
Looking for some advice. Myself and my partner recently split up (messy). We have a property together which needs to be sorted. They are amicable people so it should go down 50/50 no worries if sold. But I'm thinking hey maybe I could buy it out, whats involved, anyone been down this route? The property was bought 2 years ago for 380k with a mortgage of 350k. I understand the property would need to be valued etc etc, but what type of figures would I be looking at for a buy out?
Also is it a bad idea to start talking to the bank where we have our mortgage about the options or do they get freaked out that there's trouble on that mortgage a/c?
And I should add, I'm probably just about to quit a permanent job to go into contracting work - do the banks not like this at all, like anyone had that experience do they look unfavourably on you because its irregular income etc?