MG ZR Forums banner

1 - 8 of 8 Posts

·
RIP MG ZR 03-13
Joined
·
8,498 Posts
Discussion Starter · #1 ·
If you own a house with someone and you want to sell but they dont whats the law? Have they got to sell or buy you out or is it a case of getting solicitors involved to sort it out?
 

·
Formerly Trophynovabasher
Joined
·
3,051 Posts
god knows if theres no easy compromise, i owned property with a family member who wanted out, buty i didnt so i bought her out, completely amicable arrangement.

maybe visit the citizens advise beaureaux
 

·
aka 25inprogress
Joined
·
7,940 Posts
it all depends who paid the mortgage etc etc, if you paid it equally then you will have to buy out the other persons half, but if you can prove that you paid the mortgage and most of the bits and pieces then the court will go in favour of you and you will either get all of it or not have to buy out as much.

pm big al he will know best :D
 

·
RIP MG ZR 03-13
Joined
·
8,498 Posts
Discussion Starter · #7 ·
At the moment its all cool. Both of us have agreed to sell but the worry is that if we have to wait till the market improves she might be "settled" again and have changed her mind. Got a summet meeting sunday before Guildford with her ,so hopefully sort things then.
 

·
I'm comin hoommmeee again
Joined
·
1,175 Posts
It's a tough process but I hope you sort it.

It helps if you have documents to prove that you have been the main bill payer and maybe the higher input of deposit.

Me and my ex went through a similar process a year ago. I wanted to buy her out and she wanted to sell it straight-up.

In the end she settled for a good lump sum.

Don't forget that by selling you will be incurring mortgage settlement fees, legal fees etc that will accumulate possibly a few grand pending how long your fixed rate has left (if you have a fixed rate). Add to that the loss of a mortgage when they are so hard to get nowadays.

Obviously I don't know your situation but have a good think about making a settlement demand to them including all things you want to keep or sell from the house. You can negotiate on details like fixtures and fittings.

best of luck and if you need any advice feel free to pm me !
 
1 - 8 of 8 Posts
Top