Selling house after split.

[ChocolateFrog]

Cutting to the chase in what must be a well trodden path.

House is being sold after we split. I put in 80% of the deposit and paid the stamp duty. Everything else has been roughly equal or atleast 60:40 my way.

It's looking like I'll be waving goodbye to anything other than a 50:50 split.

Can anyone confirm if this is the case?

[ChocolateFrog]

clarkey said:

Are you married, and/or have children?

Neither thankfully

[ChocolateFrog]

Interesting point regarding debt as I know she is in quite a bit of it.

The worst thing being she bought a new Corsa on finance just after we split, literally never listened.

[ChocolateFrog]

clarkey said:

ChocolateFrog said:

Neither thankfully

Excellent news! The answer depends partly on how it was bought - did you sign an agreement as tenants in common with unequal shares, or joint tenants, where you have shared ownership of the property?

If it's the latter it's 50/50 unless you can agree otherwise, I believe, as joint tenants have an equal interest in the property, regardless of contribution. Personally, I would suggest splitting the deposit and direct costs of purchase (e.g did you put in 60% of the deposit but none of the purchase costs? These should be divided first). Then take off the outstanding mortgage balance, and split the remainder 50/50, less direct costs of disposal.

I reckon most sensible people would go for that as it appears fair.

It's the latter, joint mortgage no pre agreement.

I put in 80% of the deposit and paid the fees, there is no remainder.

[ChocolateFrog]

Having had a scan through the divorcing empty nesters thread I don't feel that badly done by now.

Lucky escape.