Ask a Law Question, Get an Answer ASAP!
I clare , how much is the house worth? well it was originally valued at offers around £400.000 or near offer 2 yrs later we agreed £350,000 , 1 yr later i proposed to offer it to cath my ex for £300,000 as i needed closure , there is no mortgage on the property at the moment , i did agree to put my name to a mortgage agreement for purchase of her present property using the collaterall in this house. our other assets we shared between us my mutual agreement and have been legally transferred to both of us .
we both have asssets of very roughly £400,000 in rental properties we had previously , again no mortgage , again very roughly profits are around £20,000 per year each
I think it would sell for £300,000 but I need her to agree to that or buy it herself ,
her current house is sold now and the buyer is wanting to move in ..its sold at the same price she paid for it and as she had an interest only mortgage she ends up with zero .
we had been married for 18 years and living together 4 or 5 before that...
I think it would sell for £300,000 but I need her to agree to that or buy it herself, her current house is sold now and the buyer is wanting to move in ..its sold at the same price she paid for it and she had an interest only mortgage so she ends up with zero
she borrowed £130.000 and £10,000 top pay off the small amount we had left on the marital home mortgage , so as to be able to get another mortgage as they would not give her a mortgage why her name was on another mortgage
I realise of course I still owe half of this ammount, the £10.000 that is .
and we agreed again verbally that if she paid me £145.000 it would settle this score
£130,000 that's what she borrowed in the 1 st instance for it ,and she borrowed also £10,000 for to pay off the small mortgage we had on this house .
that house is not an issue with me apart from I agreed for her to use the marital home for collateral
no nothing at all