Re:Arrgghhh so fed up of SPLITTING THE HOUSE

Please can you advise me what are notional sale costs on a property of £79k with an outstanding 53k mortgage?

My ex partner has signed the transfer of equity forms which stated he would recieve nil for property, this is due to his shares and pension, but now whats 5k from me

Hi
Not sure if you are asking what the net equity is,that is what you would get in you bank account once everything is done and dusted, I assume it is.....

So you take the value and subtract the notional sale costs (what it would cost to sell the property) that can be quite variable but a figure of 3% of the value is common. Then subtract the outstanding debt and this leaves the net equity.

Is this as part of negotiation prior to concent order or has the order been signed and this is just the processing of that ?

LB