Hello everybody, thank you in advance for any help you can give. I'm asking this on behalf of my mother who is seperating and unsure how to divide the house.
She paid the deposit in full (around 60k) and they have a mortgage of 90k for 5 years. Her partner paid all the mortgage payments as he was accepting the mortgage as 'his half' of the house. He is claiming that he is entiltled to more that 50% as the mortgage was more than the deposit. If the property would be sold does anyone know how this would be divided by a court?
Hi. Yea that is how I would do it but he is saying as he has been responsible for the mortgage which was 60% of the purchase price, he wants 60% of the profit. Just wondered if he has any legal right to this as the property is jointly owned and joint mortgage and they were not married.