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  • FIRST POST
    • peachy89
    • By peachy89 19th Apr 17, 12:35 PM
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    peachy89
    Gifted Deposit - Parent payback
    • #1
    • 19th Apr 17, 12:35 PM
    Gifted Deposit - Parent payback 19th Apr 17 at 12:35 PM
    My friend and her partner have recently split up after he cheated twice with various women - they are not married but cohabiting in a house with a mortgage.


    They have lived in the house for a year and his parents gifted him £20,000 deposit to buy the house and do what he wishes with the money.


    Since the split in January, he hasn't lived in the property and for the past 2 months hasn't paid towards the mortgage.


    His solicitors have now sent my friend a letter asking for the sale of the property and for £20,000 to be returned to his parents once sold.


    My question is ...


    Is my friend liable to return £20,000 to his parents?
    The gift was in his name rather than hers but I was under the impression that on a joint mortgage, they haven't signed a declaration of trust so the sale of the property would be shared equally.


    Any help is greatly appreciated.
    Thanks.
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