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Divorce: Financial Split after 9 years marriage

  • Shiraz
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17 Jan 08 #10891 by Shiraz
Topic started by Shiraz
:SMain asset is marital home purchased 13 years ago. It remains in the orignal purchasers name.

The spouse moved in 9 years ago and has contributed circa 10%-20% of household expenditure.

The mortgage has increased as wedding was paid for by raising additonal funds on the mortgage. It was agreed that this expenditure would be paid 50:50. Spouse has been unable to repay any part.

Mortgage and service charges have been paid by the home purchaser only.

There is also a time share purchased by home owner (again under mortgage) in both names. Spouse has repaid less than 40% of share of cost.

Service charges on time share have been borne by homeowner over 4 years' ownership.

What proportion of the assets would the lower contributor to the marital expenditure be entitled to?

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