Split up with my girlfriend and renting elsewhere.
She wants to keep the property and therefore needs to transfer the mortgage into her own name.
The average valuation is below the outstanding mortgage amount hence negative equity.
She seems to think I am responsible to pay her half this amount so that I can be removed from the mortgage. However I disagree considering that it only becomes negative equity if the property is sold.
Who is correct?
Under Scottish law BTW.
She wants to keep the property and therefore needs to transfer the mortgage into her own name.
The average valuation is below the outstanding mortgage amount hence negative equity.
She seems to think I am responsible to pay her half this amount so that I can be removed from the mortgage. However I disagree considering that it only becomes negative equity if the property is sold.
Who is correct?
Under Scottish law BTW.
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