View Single Post
Old 6th Nov 2018, 18:17
  #11 (permalink)  
Pontius Navigator
I don't own this space under my name. I should have leased it while I still could
 
Join Date: Dec 2002
Location: Lincolnshire
Age: 76
Posts: 16,583
Looking at it logically assuming a 50-50 split:

Assume main house is 220k and flat is 100k the total assets are 320k. However there is a mortgage debt on the flat of 138k. Net assets are therefore 182k.

A 50-50 split means 91k to each party.

If she got the flat she would gain 100k equity and 38k debt. In this case she should pay him 9k and service the debt herself. That 9k is dependent on the value of the main house and the split being 50-50.

I hope this shows it is neither simple nor sensible to do a simple transfer. I think the JB expert advice I'd correct, get a bigger b******d lawyer.
Pontius Navigator is offline