Hoping someone may be able to throw some light on this.
My daughter got married 15 months ago and was buying a house solely in her name which was sold in order for her them both to purchase a new one. When her house was sold she had £30.000 equity from it and they then added a further £4000 each which became the deposit on their new one.
When the house is now sold it would seem unfair that any equity is divided equally as my daughter such a short time ago provided the bulk of the deposit.
Thank you in advance for any help..
better to negotiate between themselves if possible avoid the countless expensive meetings and letters.... if they can be sensible and agree some kind of compromise to simply present to solicitors then it is relatively straightforward and not too costly...
If at all possible they should come to an arrangement between the two of them. Otherwise the court will decided it for them.
If they start involving solicitors the fees will very soon wipe out any equity and cost a lot more on top. If the courts decide, the aim is that each side is restored as near as possible to the state that they would have been in if the marriage had never taken place.
Ummmm I went through the solicitors route when my daughter got divorced. They charged £50 per page to write a letter! and that was over 10 years ago. Then they told us it was £10,000 cash up front just to prepare a case!
In the end it was settled by the court and very much as we had hoped anyway. Solicitors were an expensive waste of money.
^ Yes I agree, that was for an agreement between two solicitors not a court case. As I said, my daughters solicitor wanted £10,000 cash up front and non returnable to prepare a court case. We just put our case to the court without a solicitor and it worked out well.
As long as there are no children involved and they agree a settlement that reflects the contribution each has made the court should agree it. If he wants half then the trouble starts. We've just had a divorce in the family using a solicitor on a Fixed Rate of either £500 or £600, can't remember which.
That happened to me many many moons ago Ummmm. Things are a bit different nowadays though.
Did you and he not agree a settlement then? Were children involved? Did you use a solicitor? Why do you think that happened? Did you just want out at any cost (I did).