Mortgage and splitting up?

Question

Hi

I bought a flat with my boyfriends a year ago, and I want to split up with him, I dont know how this is possible though as I cant afford to move out and neither can he - infact he wouldnt leave anyway.

we nearly split about 4 months ago buy i went back as I had no option, We can't sell the flat yet, ( apparently u haver to wait a few years or something??) and even if I could sell the flat he wouldnt agree to it, he told me last time he wouldnt let me sell it and would make it hard for me

Do I have any options? or doI have to just stay in the relationship

If i sign over the ownership will i lose everything? he had hardly paid a thing i always pay the mortgage and I put a 15% deposit down too, with my own cash.

I think im going to have to stay where i am for a few years unfort, and take the bullying!

Answer 1

You're in a tough spot! If you can't afford to move out, or to buy out his half, and he won't move or can't move, and can't or won't buy out your half, you've got a real problem.

I can think of 2 things you might try:

First - mediation. Find someone to counsel the both of you so you can work this out. Maybe you can fix the relationship, maybe you can agree to part on better terms.

Second, just walk away. Sign over your ownership to him, give up whatever money you put down, lose the equity, and write it all off as a bad deal. Depending on where you live, you may still be legally responsible for your part of the payment, though, so don't do this without getting legal advice. This may put a real dent in your credit rating, though, so don't do this without good advice, and without thinking it over thoroughly.