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Shared ownership split

  • ReadyToDivorce1981
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01 Jan 25 #524831 by ReadyToDivorce1981
Topic started by ReadyToDivorce1981
Hello,
I was wondering if I might get some ideas from you on fair split of the property - shared ownership.

My ex partner wants to stay in the property and pay me off and I am wondering what would be the fair split.

Value of the property if £190k and shared ownership is 25%. The outstanding mortgage on 25% is £16k. The way I was calculating is 25% of £190k is roughly £47k - £16k( outstanding mortgage) will be £31k. If we split it half way through we would each be getting £15.5.

However, my ex is staying in the flat and I am renting one bed with our teen child with additional needs. In the case what would be the fair split. I don't want to ask for too much but at the same time 50/50 does not seem fair, he wants me to pay solicitor and other fees as well ( to go 50/50).

Our daughter is with my ex during the weekend only and it's grate she has her own room there. I don't want to go to court and my ex seems to be willing to negotiations but I am not sure what is fair.

Thank you🙂

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02 Jan 25 #524834 by WYSPECIAL
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Your calculations are correct.
How much do you want/need?
You use the term partner, are you married?

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02 Jan 25 #524835 by ReadyToDivorce1981
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We were /still are married. Got married 16 years ago. I was thinking if 70/30 or 60/40 might be a fair split. If you think it is not or it is would you be able to advise why from legal point of view, please.

There no other assents to share.

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03 Jan 25 #524838 by WYSPECIAL
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Negotiate and put forward arguments why you need more, eg you need to furnish new house etc.
Can your ex afford to raise more?
Also consider the costs of arguing about it if you can’t agree. There is little point spending what you have to split on anything you don’t need to?
As an alternative could you stay in the shared ownership house with your daughter and your ex move out?

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03 Jan 25 #524839 by ReadyToDivorce1981
Reply from ReadyToDivorce1981
Thank you for an advice.

I was wondering if you could suggest what is the easiest/fastest way to get divorce in Scotland if both party would agree with all the arrangements? Can I go for DIY divorce if we have a 12 year old child?

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03 Jan 25 #524840 by ReadyToDivorce1981
Reply from ReadyToDivorce1981
Thank you for an advice.

I was wondering if you could suggest what is the easiest/fastest way to get divorce in Scotland if both party would agree with all the arrangements? Can I go for DIY divorce if we have a 12 year old child?

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