Selling house after split.
Discussion
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?
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?
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.
I put in 80% of the deposit and paid the fees, there is no remainder.
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