Hey there…
I am going through a reorganisation of finances… This includes a separation from someone who was originally 40% owner of my house.
I need to refinance this in my own name, and the bank has asked for a separation agreement.
This seems to be a thing between separating couples, as far as I can see online. The man I’ve entered into this agreement with was not that.
Can someone here pm me a sample of what this might look like…?
(a bit stressed… I could be losing my house out of this)
Ask a real lawyer, one who is good at property law.
Too important to get advice from us amateurs.
Agree with Bacchus, its worth the cost to seek out a lawyer when dealing with property, given the $$$$ get it done properly first time.
Just for starters, you could seek clarification from your Bank on the application of a separation agreement other than to partners in a de facto or marital relationship. The Bank should be able to provide you with a pro forma agreement acceptable to them, as well as advice whether some type of separation agreement is necessary.
You could then go to a lawyer armed with all the factual documentation ( which might be a cost saving on the lawyer’s time).
I take it that you are buying out the other co-owner, by agreement or at their request. You should have documentation to this effect to provide to the lawyer and Bank.