House on sale at £379,995.00
Mortgage left £260,920.00
Original equity put up as deposit from own property £60,000.00
My child would live with her Mother and partly with me (weekends etc.)
Apologies for delay.
The proceeds from the equity split would be sufficient to put a 30% deposit on a property of their own.
Or use the amount as a guarantee for a rental property until finds somewhere.
Have made offers of taking over my rental property mortgage with assistance - refused.
Made offers of enhanced % split from family house - no response.
A 2 bed flat is around £150K and 2 bed House £185-220K
Her Mortgage capacity would be around £135K based on earnings and tax credits.
It would be £120K I understand.