Breaking up - what to do with the house?

LegacyUser

Myself and my partner have broken up after a long and wonderful relationship. We have a house which we bought together. I want to keep the house and reimburse my partner for her share. Does anybody know the best and cheapest way to do this please? - ie to avoid solicitors fees etc as much as possible.
Thanks

Pink Bunny

Hire an appraiser to assess the value of the house then split the cost how you see fit. In the states a real estate agent will do a "market appraisal" for free but I don't know how that works in Ireland. Either way, it should give you an unbiased price for the worth of your property.
If it's a newly built house, you might be able to determine the price by adding up the cost of the land, materials, labor, etc. yourself.
When you come up with a price an determine what you consider a fair split (it might not be 50/50 depending on how much both parties invested in the house) I should think that you could just go and get the title to the house deeded over to your name and have her sign off any future claim to it.
Good luck.

Nevyn

you will need a solictor tbh to get the mortguage in your name and to sort out the transfering of the deeds.

Victor

There are various ways to value it. What you have each put in (money, time, etc.) into both the house and the "home"?

Get three valuations by estate agents (you each pick one and get them to nominate a third) and average them.

Take a look here: http://www.boards.ie/vbulletin/showthread.php?t=173124

Beruthiel

are there any houses for sale on your road or near you? If any are sale agreed, ring up the estate agents and ask how much they went for, this gives you a ball park figure. If ye can both come to an agreement on an amount, I would then get a solicitor involved and come to agreement on what he will charge you for doing up the papers and land reg etc...

The Corinthian

Two questions that are pertinent to your situation:

Are you and your ex in agreement that you get to keep the house?

Can you afford to take over the mortgage and pay off your ex?

Victor

I would strongly recommend separate solicitors to get advice from, even if only one does the actual conveyancing. While I'm not sure what the effect is with un-married partners, a court can overturn an agreement between married / divorced / related parties where it considers one was taken advantage of for lack of legal advice and "baggage" was used to force them into signing.

Also what names are on the house deeds compared to the mortgage?

Misticles

Hellohellohello wrote:

Myself and my partner have broken up after a long and wonderful relationship. We have a house which we bought together. I want to keep the house and reimburse my partner for her share. Does anybody know the best and cheapest way to do this please? - ie to avoid solicitors fees etc as much as possible.
Thanks

your name isnt paul is it??

is_that_so

Hellohellohello wrote:

Myself and my partner have broken up after a long and wonderful relationship. We have a house which we bought together. I want to keep the house and reimburse my partner for her share. Does anybody know the best and cheapest way to do this please? - ie to avoid solicitors fees etc as much as possible.
Thanks

If you are on speaking terms try to sort out as much as possible between you. I have a buddy who managed to resolve 90% of deal with ex-husband. The last thing you want here is handing even more money to solicitors, money both of you should be getting.

Victor

Misticles wrote:

your name isnt paul is it??

Thats an unfair question. OP please feel free not to answer either way.

Misticles

Victor wrote:

Thats an unfair question. OP please feel free not to answer either way.

no its not, i just no of a PAUL who has the same situation :rolleyes:

Nevyn

Misticles, you appear to be pretty new here.
So just a few things.
It is rude to pry into who some one is or spectulate
esp if they have taken the time to hide who they are with a name
like hellohelloheloo instead of a read name.

so May I suggest you read the Charter
which may stop you from making any other blunders.
Charters are handy all the forums have them and they are all slightly differnt.

Have a nice day,
Thaed

Nevyn

http://www.oasis.gov.ie/relationships/civil_relationships/property_rights_and_the_breakdown_of_a_non_marital_relationship.html

LegacyUser

I have the same question as the original question. Did you ever get the house sorted and how did you do it?