J
Hi
I brought a house with my boyfriend in November 2006 for €570k. We moved in in March 2007 and have a 25 year morgage at approx 3k a month. It is not working out and we are going to separate. He wants to buy my half of the house. I paid 25k of the stamp duty and 1.5k per month of a morgage since March 2007 (18k total). Given that house prices have dropped significantly since buying the house and we are definately in negative equity is it a fair deal for me to give him my half for nothing? What other cost will I have, legal fees, bank fees etc?
Also what are the stamp duty implications?
Thanks in advance
Jean
Did you pay 50% of the stamp duty? Did you pay 50% of all original costs? Did you pay 50% of the mortgage? Of the furniture etc?
What do you mean, "give him my half for nothing"?
As the OP appears to have more into the House, why doesn't the ex-Boyfriend simply walk away. I cannot understand as to why the OP must take a hit simply to end a relationship.
This was an intimate relationship incorporating a business transaction which appears to be going pear shaped.
Have you offered to buy him out of the transaction ??
But the boyfriend will probably have this house for many years and the op walks away with absolutely nothing. I think she should be getting back what she put into, or something at least. Nobody can predict the future but what in five years if that house is worth a lot more and the boyfriend decides to sell then making himself a lovely profit.
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