+ Reply to Thread
Results 1 to 2 of 2
  1. #1
    threechooks's Avatar
    threechooks is offline If my spelling annoys you that's your problem.... I have better things to do than proofread !
    Join Date
    Jul 2008
    Achievements:Topaz Star - 500 posts

    Default Defacto split with mortgage.

    If Party A and Party B put equal amount of deposit into a mortgage and are both on the house deed. Then...they break up and party A wants to keep the house. How does Party B get themselves out of the loan and off the deed? Thanks

  2. #2
    Join Date
    Jan 2009
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    B would have to transfer their share of the property to A, and refinance the mortgage in A's sole name. If A can't get the refinance, then it should be sold and the proceeds divided after the mortgage is repaid.

    The parties should get legal advice beforehand, and look at some binding orders, so neither party can come back and make a claim later. I haven't looked at it for ages, but an order should may also give a stamp duty exemption for the transfer.

    But either way, get legal advice. It is cheaper in the long run to get the advice, then get it wrong.

  3. The Following 2 Users Say Thank You to MsMummy For This Useful Post:

    HugsBunny  (30-07-2013),threechooks  (30-07-2013)


Similar Threads

  1. Split screen video monitor
    By kellykelly in forum Product Recommendations & Questions
    Replies: 1
    Last Post: 08-02-2013, 16:14
  2. 2 yo in split family
    By Love my rugrats in forum General Parenting Tips, Advice & Chat
    Replies: 4
    Last Post: 11-08-2012, 10:04

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

learn how you can become a reviewer!


forum - chatting now
christmas gift guidesee all Red Stocking
Tambo Teddies
Visit our online store and select your individually handmade natural sheepskin teddy bear. Our soft and loveable bears come in a range of styles and colours. Created in Outback Queensland each bear is unique individual. 100% Australian made!
sales & new stuffsee all
Pea Pods
Buy 2 Award Winning Pea Pods Reusable One Size Nappies for only $38 (in your choice of colours) and receive a FREE roll of Bamboo Liners. Don't miss out, we don't usually have discounts on the nappies, so grab this special offer!
Special Offer! Save $12
featured supporter
Baby Monitors
Looking to buy a baby monitor? :: Read viewer reviews of baby monitors BEFORE you buy :: Buy at a local or online Baby Nursery Shop

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!