Dividing profits from house sale

[PipinHull]

Following our separation, I stayed on in the family home while my ex moved into a rented house. He now wants to buy me out and move back in, which is fair enough as he earns more money than I do and it's a big house - I'm happy to take my 50% share of the equity and buy somewhere smaller. We own it jointly. He needs me to write a letter to the mortgage company saying I'm happy to take my name off the mortgage. However, I'm a bit wary - once I go through this process and he remortgages in his name only, what's to stop him from deciding to give me nothing - or less than 50%? If my name is no longer on the mortgage I'll have no rights will I?

[Wak]

You could always get a solicitor to do the transfers, etc. and handle the sale of your half????
It would be worth a few quid to get it done correctly.

[fredpuli47]

Yes, a solicitor will do the necessary paperwork, and, most important, ensure that your share of the equity money is paid to the solicitor, on your behalf, not to be released .The solicitor will release it to you at the moment your ex becomes sole owner. The solicitor will see to it that your ex won't be able to get you to relinquish your interest as joint owner and get himself shown as sole owner on the Land Registry until you've got your money.

[PipinHull]

Many thanks, sounds like that would be worth my while.