The end of any relationship is certainly an emotional and traumatic time. When there is also a home involved, it's really important to get good advice around selling or keeping the property.
When it comes to dividing joint assets such as the family home you generally have a couple of options:
- Sell the home, and split the proceeds, minus any mortgage costs.
- One of you continues to live in the property and buys the other out.
When deciding between the above options it is important to know what you can actually afford. Mortgage repayments and expenses are obviously quite different on one income versus two, but with good advice, an already difficult time can be made just that bit easier.
You can read more about the options around separating your assets by clicking below:
If you need to find out the approximate value of your property, please feel free to get in touch.