Yes i am named on the mortage
You are not liable for the mortgage or the billsor a contribution to them, the house that you do not living although you remainliable to the lender if he stops paying.
Notwithstanding the above, you are still entitledto your 40% share is that is preserved in the trust deed or land registry deedwhen it was laid out unless it says something else with regard to yourindividual contributions
Does that answer the question? Can I assistfurther or answer any specific queries?
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thanks, but i did ask how much would i be entitled to or ask for if he wants to remain in the property. The house was bought for £221,000 6 years ago and a lot has been, i would value the house at around £230,000 now.!!
I think I might be missing something here.
You are entitled to 40% of the equity.
There may be an argument over the value of thehouse because you will want it valued higher and he will want it valued lower. Itwould be reasonable therefore to take the average of three agents valuations.
Based upon your figures, there is only £9000 ofequity and you would therefore be entitled to £4500 less 50% of any solicitor'scosts in respect of the legal costs of removing him.
You are not entitled to anything in respect of his occupationDoes that answer ?