Hi,
My girlfriend and I have just amicably split after 7 and a half years together and are in the process of selling our house so we can go our separate ways. The property was purchased for £200,000 using a £50,000 deposit put down by my girlfriend, and we got a joint mortgage for the other £150,000.
We have sold the house now for £240,000, so are looking at coming out of it with roughly £90,000.
My question is... my girlfriend did not sign any trust deed regarding her £50,000 deposit when taking out the joint mortgage, so on completion of our house sale, should the proceeds be split 50/50 (£45,000 each) or should my girlfriend receive her £50,000 deposit back and we split the £40,000 remainder?
Thanks for help,
Neil
2007-07-04 22:55:33 · 6 answers · asked by Neil 1 in Politics & Government ➔ Law & Ethics
Well I think the right thing to do would be to let her have the £50,000 before splitting the remainder of the proceeds and seeing as you parted amicably then I should hope you wouldnt leave her without her cash.
2007-07-04 23:00:03 · answer #1 · answered by Anonymous · 0⤊ 0⤋
She should get back the 50,000 she put out in the beginning then you split 50/50 what is left. If you don't she could come back and file a suit against you for taking her money.
2007-07-05 01:45:40 · answer #2 · answered by bellslady65 3 · 0⤊ 0⤋
I am in the same position as you at the moment, my ex put down a deposit of £14500 and im allowing him to have it back. I left him so im still waiting for him to pay me off. The property is not as much as yours but seeing as he is giving me a cheque, he is firstly taking his deposit out of the equation and im to get the rest. It did get nasty to begin with but now we are getting on a bit better. If he didnt budge and got funny with everything, then I would have taken him through a solicitor and claimed half of everything ie his deposit. Good luck with everything. Grass is greener on the other side and im a lot happier now.
2007-07-04 23:07:44 · answer #3 · answered by Lorraine A 3 · 0⤊ 0⤋
Hi, She should receive her 50k deposit back then you split the remainder. It's the corect and fair way. If you challenge this, she will be able to prove that the full depsit came from her and if taken to court, they will side with her.
I hope you do the right thing.
2007-07-04 23:00:22 · answer #4 · answered by Tiger01204 5 · 1⤊ 0⤋
Since it was her £50K which secured the property, don't you think it should be returned to her?
Put it his way, if YOU had paid the £50k deposit, would you even be asking this question?
2007-07-04 23:11:29 · answer #5 · answered by M'SMA 5 · 1⤊ 0⤋
Since you are going your separate way, at least be fair. let her have her 50,000 back and then share the profit, Unless she doesn't want to take it(50000)
2007-07-04 23:00:35 · answer #6 · answered by Robots 4 · 1⤊ 0⤋