ChatterBank1 min ago
homes and splitting up
heelo every one , need a little help.
I owned my own house and had my new girl freind move in a month after . 9 months later we got married . This is now over and we are going to split up. I put the deposit down for the house and the mortgage is in my name . I have paid all the payments for this and have never asked for any. We have not been married for 19 months . I put 24k down for the house . the house has gone down a little in price so i think at best if the house had to be sold their may be 15k in the house . I am wondering what it is likely to cost me to keep my house , and what kind of settlment i would be expectted to pay . As it is my wife who wonts to leave how do i stand ?
Kind regards
Garry
I owned my own house and had my new girl freind move in a month after . 9 months later we got married . This is now over and we are going to split up. I put the deposit down for the house and the mortgage is in my name . I have paid all the payments for this and have never asked for any. We have not been married for 19 months . I put 24k down for the house . the house has gone down a little in price so i think at best if the house had to be sold their may be 15k in the house . I am wondering what it is likely to cost me to keep my house , and what kind of settlment i would be expectted to pay . As it is my wife who wonts to leave how do i stand ?
Kind regards
Garry
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Don't quote me on this but this happened to me many years ago. There were no kids in the equation at the time which made things more simple. What happened was, the house was valued, then the buying price was deducted and that figure was then divided by 2 and that was the sum the other party had to be paid.
Eg- A marital home is purchased for 150k, the spouse wants to leave say 2 years later so the house is revalued and say it is now worth 155k. That would mean the spouse would receive £2500.
If the value has fallen, I shouldn't think you would have to pay out anything, but best to check it out all the same.
Eg- A marital home is purchased for 150k, the spouse wants to leave say 2 years later so the house is revalued and say it is now worth 155k. That would mean the spouse would receive £2500.
If the value has fallen, I shouldn't think you would have to pay out anything, but best to check it out all the same.
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