My wife left me start of Feb for reasons unknown. She has not talked about divorce although I have purchased the paperwork from this site in readiness - not that I want to split. I have stayed in the house and until this month she has made a contribution to the mortgage - it stopped this month.
We purchased the house in 2002 as girlfriend and boyfriend, we me paying £20,000 deposit. We married in 2008. We had an extension two years ago to which I contributed £20,000 to. The house is worth £200,000 and we have a 140,000 mortgage. I offered to buy her out at £25,000 and take on a joint loan of £5000.
She agreed at first but is now talking about buying me out at 28,000 which I''m not sure about.
My question is does it make a differnce that I paid the original deposit and contributed more to the extension? Would I get any of this back?
I don''t want to fight and feel my offer is good and feel I''m getting a bit of a raw deal at just being offered £28,000 or am I wrong?
Is it worth fighting for more and what would be my chances of success? or should I take the 28,000 and accept I have lost money?
No, you would probably not get your deposit or the extension money back.
There is £60k equity so both of your offers are roughly a 50/50 split. So really it''s up to you to decide who wants to keep the house. If you cannot agree and you both want it, then you would probably win since you currently have occupation. If you have not changed the locks then you should probably do so, since she has been gone for 6 months.
Well then a court could be asked to decide. But since you are living there, you would probably win. That is why it''s a good idea to change the locks. If she gets back in then you''d lose your advantage.