The house is valued at present at £165 to £170000 and as at Dec 2014 the mortgage owed is at £126000.
Yes she would like to as we would loose money having put in more initially and paid for necessary maintenance ie £3000 to replace rotten windows and £2000 to replace guttering,facias and draughty porch. She earns a low wage and has struggled to keep it. I have a lump sum to bridge the amount she can borrow £83000 and the amount owed of £126000. The problem is he wants 50% with no adjustments for mortgage unpaid by him or his share of maintenance. The house is valued with new windows, guttering etc which he has NOT contributed to. I realize to sort this out we may have to pay more than we want to but have offered £12000 which he has not accepted. This was based on 50% of the value in December 2012 plus interest which we thought very fair. He is being very awkward and we need help please.
My contact email is XXXXXXXXXX@XXXXXXX.XX.XX but the sight is not allowing me to put it in as I have already registered. Sorry new laptop I haven't got the hang of yet. Answer to above already answered in previous reply
The house was on the market in 2012 during the time my daughter came home and Mr lifford was in the property, for £160000 but the windows had been replaced before that. Only guttering, facias and porch done after that date out of necessity, cold draughty and dangerous.The amount outstanding now on the mortgage is £126000. Still lots of work to do but would think it has added say £5000 since Mr Lifford left in 2012.
Yes which we are quite willing to go through as we have done our best to sort this but we are not convinced he will go through with it as he is not wanting to spend money just get it ! He heard I had sold my property hence coming out of the woodwork over the last year. Previously he didn't want to be found and we have no address just an email.address for him.
She paid her half while she was at mine and he paid the other half while he was there. It was paid in November 2012 but he text my daughter saying he had left in December 2012 and she got a call from the bldg. soc in December to say it hadn't been paid so she paid it herself and moved back into the property. It has been paid ever since by her and as it was on a 5 year fixed term with penalties of over £5000 she completed this term herself last year so no more penalties are due and mortgage reduced. Sorrry this is so complicated.
Thank you for your answer. Can no adjustment be made for anything else such as the penalties that would have been due or unpaid mortgage payments or items taken without permission when he left the property? Don't really understand why both parties have to sign the mortgage if one person is allowed to break the terms of the mortgage and walk away. It seems all responsibility falls to one person which does not seem fair. I am grateful for your help though and know he will not accept the value of the property. We have 3 valuations but wants to get his own which we do not agree with. Would we have to allow him to do this and allow him to come with them ?
As we have already had 3 valuations of 165 to 170,170-175 x2 we can allow him to have one more valuation and arguing my daughters payments will certainly help as it probably comes to at least £4000. I presume that no more adjustments can be made as you didn't answer this part of my question. He will undoubtedly question improvements and need invoices. Where do we stand if we have none ? The work can be seen but we were not given a receipt as it was done privately. Is there any other advice you can give us bearing in mind he is a very difficult person to deal with ?