So I've had to agree to giver her 20% of the equity. Not very impressed, but it would cost me that minimum to fight it in court. Still at least I should have a nice chunk of change left over.
From: 99% of gargoyles look like (MR_BASTARD) 4 Sep 2014 11:04
I've added *all* the value since she left. When she left, there was an outstanding mortgage of £155k and an estimated value of the flat of £145k. Yay buying right before the credit crunch!
From: 99% of gargoyles look like (MR_BASTARD) 4 Sep 2014 14:43
Remind me not to tell Ben that when we sold our house it was close to the peak and had doubled in value. That's our little secret, remember, DON'T TELL BENNY!
From: Serg (NUKKLEAR) 4 Sep 2014 16:11
To: 99% of gargoyles look like (MR_BASTARD)
36 of 75
Also don't tell him that our house has apparently appreciated in price by almost 30%, we only had the offer accepted in November last year... we did spend close to 40% of the 30% increase on STUFF (renovations etc), just hope property prices don't collapse again. SHHHH!!!!
(I feel like that silly lady in the SecretEscapes ad)
that's essentially meaningless unless you're about to sell it though. Or maybe to remortgage. If Truffy was able to buy his next house on the other side of the peak when things are cheaper, then it's a win. If everything's going up, then your next house just went up as well so it makes no useful difference. Innit!
Right, but who said you had to give the 20%, your lawyer or hers? Reason I ask is because I was told something in a case I was involved in but the truth was on the other side, much more to my benefit. I pushed for answers, researched more and found that while I could have agreed in the issue, I also could negotiate for something better.
I am guessing you have that ability is well. Perhaps the reason for the 20% has something to do with what happened prior to the negative equity situation that remains applicable after, such as your ex put money toward the purchase of the house? What ever happened to the aces? I suppose you didn't want to have to use them.
For me, that would be a sticky situation were I to get divorced; we don't have "his money and her money", we have our money. I know some other couples who have totally separate finances, one pays utilities and one pays the mortgage, one pays the car loan the other pays the mobile bill. Too confusing to my way of thinking. Not saying this is your situation.
Maybe I am just old fashioned. (car)
From: graphitone 5 Sep 2014 17:13
To: 99% of gargoyles look like (MR_BASTARD)
47 of 75
The difference being that your lawyers are all just a bunch of money-grabbing crooks, while Sottish lawyers are fine, upstanding members of honest society.
20% equates to around 5 grand, that's the minimum it would cost in legal fees to pursue it through the courts. It'd probably cost me more because Scottish lawyers are just the same as every other lawyer, despite what truffle says.
Also going legal would delay me getting my dirty mitts on my share of the cash. As I haven't worked since the start of July and am still owed money from my previous employer I really can't afford to wait for court dates and shit.