No problem. The
general rule is that a person does not have to pay the mortgage or the bills of
a house that they do not living but they remain liable to a mortgage lender the
person living there does not pay the mortgage. That is assuming of course that
the mortgage is in joint names.
You pay the
mortgage for the benefit of living in the property whereas she has to pay rent
somewhere else and therefore one, is deemed to cancel out the other one.
Unless a sale of
the house (you have equity of £150,000 or so although I do not know what the
joint debt of £63,000 is for) would release enough money to provide a home for
you and your daughter until she is 18 and give your wife some, the chances are
that she would not be able to force a sale until your daughter is 18.
At that stage,
the house will be split between 50-50 and 60-40 in your favour.
If she wants
paying out now, then you are in the driving seat and you may be able to get
away with paying her a smaller amount now for a clean break if she does not
want to wait another five years until your daughter is 18.
That comes down
to negotiation between the two of you.
Does that answer
the question.? Can I assist any further?
I am happy to
follow up any individual point you make
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