The UK's largest and most visited divorce site.
Modern, convenient and affordable services.
We've helped over 1 million people since 2007.

Click this button for details of our

email, phone nbr and free consultations.

How To Contact Us

Second Charge on my Property

Start
Prev
1
Next
End

Lu2014
Posted by
Junior Member

17 Oct 15 #468161 by Lu2014

Topic started by Lu2014

My partner has a second charge on my property. The first charge is with a mortgage company and the mortgage is in my name only. My partners charge is valued at 40 per cent of the current market value of the property. Is the charge valued at the sale price or the equity left after the mortgage has been paid? My partner wants to claim 40 per cent of the sale price.

Please can someone advise.

LittleMrMike
Platinum Member

17 Oct 15 #468170 by LittleMrMike

Reply from LittleMrMike

It all depends on the wording of the document. Neither I nor any other wiki could advise without seeing it.

You may be able to get a free solicitor appointment , or possibly get one through a CAB.

LMM

Start
Prev
1
Next
End

Moderators: wikivorce team, rubytuesday, dukey, hadenoughnow, Tets, Shezi, Linda Sheridan, Forseti, Mitchum, WhiteRose, Lostboy67, WYSPECIAL, Bubblegum11

Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.