hello,i am separating from long term girlfriend we both own the house,we agreed that i am staying to live in the house.
do i just go to an estate agent for a valuation of the house? and take out an extra mortgage
What have you agreed -if it is to give her 50% of the equity get a joint valuation by an estate agent and from the valuation deduct the current mortgage including redemption penalty legal costs and say estate agents fees of a theoretical sale say 2% OF VALUES AND GIVE HER 50% of resulting balance
It seems unreasonable to deduct fees that you aren't actually going to have to pay before you split the value. Why allow for estate agent costs if you aren't selling - or redemption fees if your lender allows you to increase your mortgage? To do this seems like asking for acrimony.