Re: RR and JB: "Beneficial" gift of part a property doesn't affect the mortgage...?

Troy Steadman wrote:

Ronald Raygun wrote:
Troy Steadman wrote:

3) Foxtons value the house at around £900k.

Hmm, you'll be lucky. Even your £850 below looks optimistic. :-)

It's at the high end of expecation that the telphone numbers start
appearing. Nor is £850k the highest conceivable - 2/3rds of 24 flats
is...£1.2m or more?

You should make an appointment to see an ophthalmic specialist at the
earliest opportunity. Your eyes appear to be afflicted by a not so
rare form of cancer which causes visible discolouration tending to
coalesce into the bizarrest of shapes. I can see them from here.
They look like... cbhaq fvtaf. Not healthy at all.

Q1: Why does Romeo get twice as much as Homer, and in cash?
Q2: Why do you get a spare £100k and Homer not? You and he both owned
half the house, after all. Like him, you had £425k worth of house minus
£125k of debt. Both had £300k equity, converted to cash. Yet he has to
give 2/3 of it away and invest the rest.

Yes. It's a bit difficult to do the figures when you don;t kow what the
figures will be.

So for your first stab you guess the figures. That's no reason to botch
up the ratios. Do you *intend* Romeo (and yourself, for that matter) to
get the better deal?

Where does Helen fit into all this, and is there a Juliet?

.

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