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buying out partner

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jakes_7 | 17:59 Tue 22nd Mar 2005 | Business & Finance
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hi guys,, please help,, i want to buyout mr partner but dunno how to go about it? i first found the flat as a complete shell a year ago and was planning to buy it myself until some how getting talked into both buying property, the flat was 75k so we both put down deposit of 5k each giving us a mortgage of 65k. my parents gave me 10k 2 then refub place new kitch,bath room,plastering,windows the list is endless and buy furnishings,i have worked so hard on this place it means alot to me and dont want to sell it. since then thing have go nasty and ex partner has missed 4 mortgage payments which she has jst caught up with recently causing me serious bank charges haha. i think the propery is worth a lot more now but due to its refub and she thinks she is due half (prob is legaly huh) but it would b a lot for me to take on my own and could prob only afford to give her 8k or 10k payoff if i remortgaged,, is that how it would work?? im lost some1 please help
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I would strongly advice asking a solicitors advice, you will need to do this any way to get her name of the deeds.  If you can prove you spent more than you may be entitled to more than half/  You will need to work out the equity in the property based on todays prices then you will both start from a half share basis then asnything you can win from her will depend on proof of how much more you spent.    

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