ChatterBank0 min ago
mortgages
2 Answers
me and a ex bought a house together and now we have split up his new partner wants to buy me out.
How is this done, and how should we go about doing it?
pls help
Answers
Best Answer
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For more on marking an answer as the "Best Answer", please visit our FAQ.Get an up to date valuation. If property title is 'tenants in common' buy him/her out according to percentages on the Title. If you are ' joint tenants' suggest you offer half the valuation less an allowance for multiple ownership(similar to Probate valuation rules) of 10%. ie a total of 45% of the valuation.