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Hello, my name is Marcus.
I presume that you own the house jointly. That being the case do you know if you are joint tenants or did you enter an agreement known as a deed of trust at the time of purchase reflecting your respective contributions.
Hello, there is no need for a call the request was automated.
As you are joint tenants then at the time of separation you have an equal interest in the property regardless of previous financial contributions.
Your respective 50% shares can be varied going forward by way of equitable accounting depending on who remains in the property and is paying the mortgage.
So on the basis you have just separated and you both have a 50% interest in the property consideration has to be given to whether the property should be sold or transferred.
As you are the carer for you son - how old is he - you could remain in the property if you could afford to maintain it if your ex partner pays you child support. So you could possibly prevent a sale if your 50% and mortgage capacity would not enable you to buy another house.
What would you like to achieve?
I would be most grateful if you could kindly rate my answer to enable me to get credit for it.
If you have any further questions please do not hesitate to ask.
Can you afford to maintain the flat?
What is the value of the property and the outstanding mortgage. What is your mortgage capacity?
What is the outstanding mortgage?
Could you afford to maintain the property if he pays child support?
Hello, do you require any further assistance?
I am always here if you do need further assistance.