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DIY Divorce/ negative equity /property agreements

drumlinsa · 2011-02-02 22:06:02

About to apply for a DIY divorce. Myself and ex are good friends and everything is amicable, we want to spilt everything 50/50. However, and im sure this goes for many people too, we own property which is now in negative equity. We'd like to sell but just not at this time. We have a verbal agreement that we rent the…

02-02-2011 10:06pm

#1

drumlinsa

Closed Accounts Posts: 8 ✭

Join Date: September 2010

Posts: 5

About to apply for a DIY divorce.

Myself and ex are good friends and everything is amicable, we want to spilt everything 50/50.
However, and im sure this goes for many people too, we own property which is now in negative equity.
We'd like to sell but just not at this time.
We have a verbal agreement that we rent the house/rooms to cover our mortgage, she lives there at present and some lodgers pay my share of the mortgage.

CAn anyone see any problem with presenting this to the courts ? will we need an agreement in writing of some sort that says the above ?

Thanks for any help

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