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Where do I stand with property

  • doctor13702
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17 Mar 25 #525501 by doctor13702
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Mine is not a straightforward situation, or I don't think it is.We've been together 14 years, lived together 13 years, married four years.When I met my wife, she already owned the house and was paying the mortgage, I moved in and Started to contribute towards the monthly bills and have done so ever since, my contribution being half of the monthly outgoings in the houseMortgage is now paid, house is worth approximately 270,000. Over the years I have financially contributed to the upkeep of the house and fixtures and fittings.When we got married, we left the house in her name and have no documentation to show that I have any kind of ownership, conversely there was no prenup. We are looking at potential divorce and I would be interested to know where I stand as far as the matrimonial home is concerned

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17 Mar 25 #525502 by doctor13702
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As an additional point when I met my now wife her/our house was worth about £180,000 and the mortgage was £47000

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18 Mar 25 #525506 by WYSPECIAL
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You haven’t mentioned ages, incomes, children or other assets.

Starting point will be 50:50 split but the you can negotiated and look at needs.

You may look at it as when you got together there was approx £150k equity and another £120k has built up since so she gets £210k and you £60k.

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18 Mar 25 #525508 by doctor13702
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Salaries: me 38k, her 28K
Children: two from her previous marriage 11 and 8 when I first met them now they are grown up.
Pensions: both of us have multiple pensions from various different companies that are worth collectively very little, both less than 50 K each.
No joint debts, I have a few small debts from my business that I run, no other big assets and very little in the way of savings in the bank i.e. sub 10 K.
Both of us in our 50s so starting again with new mortgages, etc will be a painful experience but most probably less pain than continuing to be together

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19 Mar 25 #525511 by WYSPECIAL
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So you each need a one bedroom home.

How much do 1 and 2 beds cost round by you?

How big is current house?

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