my ex husband went bankrupt. we had a joint tenanted house which i have received rent for. his trustees are now trying to get half of the gross rent from me saying that i cannot deduct the mortgage etc. the house is worth 115k with an interest only mortgage of 98k cost of £235, a secured charge of £25k, and there have been additional maintenance, agents fees. i think i need to calculate their beneficial interest in the property and can reduce the rent down by the above - they are saying i cant and are going to take me to court for £8000 50% of ALL rent without any deductions for expenses. I want ton make them an offer for around £2000 based on the above to buy their beneficial interest in the property and then take ownership of all benefits going forward I would like to know how far off I am with my understanding.
it is mainly my mortgage payment, that i have maintained that need to be deducted and i believe this is an allowable expense it is interest only.
yes you can close the question and refund my money - thanks