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Author Topic: Buying me out of my house??!!!  (Read 1655 times)
magicroundabout
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« Reply #15 on: Wednesday, March 28, 2007, 16:13:32 »

Quote from: "lebowski"
magic, if you've got a fixed rate mortgage then there are quite severe penalties to be paid for selling up before the fixed term ends - it would be best to sell it to him probably.

you could do a transfer of equity to get him on there in place of yourself (about £400 legal fess i think - takes at least 6 weeks to go through though), and then get him to buy out your share of the equity.

and then get the beers in, you're free again
.


that sounds good to me.
hopefully he'll want to do it so i can go get the beers in
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ronnie21

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« Reply #16 on: Wednesday, March 28, 2007, 17:32:55 »

Magic, there's been some sound advice on here, but please consult a solicitor or you could get stung.  My mate had a good relationship with his ex and her new fella, they came to a gentleman's agreement about everything.  You don't need me to tell you what happened next, but it cost him a few grand and left a pretty bitter taste in the mouth (rather like going down on STFCJeffrey!).
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red macca

« Reply #17 on: Wednesday, April 18, 2007, 21:24:08 »

Transfer of equity would be your best bet magic.Are you tied into your current mortage at the moment? If you are make sure they pay the erc aswell mate
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