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Is my husband entitled to my house?
ooohisay
Posts: 6 Forumite
Hello
Can anyone answer my question....
I have been married for 2 years and just over a year ago I bought a house. The deposit was mine, the mortgage and house is in my name. ALL bills are paid from my sole bank account - I am not financially tied to my husband in anyway - due to his past debt problems.
I earn more than him and although he pays my £500 per month towards outgoings I pay the lions share on any work we do to the house.
He really is rubbish with money and despite my efforts to get him to save... he would rather buy another i-pod. I don't mean to paint a nasty picture of him, he is a lovely guy just terrible with money.
Would he be entitled to half my house in the unfortunate event of a split?
Can anyone answer my question....
I have been married for 2 years and just over a year ago I bought a house. The deposit was mine, the mortgage and house is in my name. ALL bills are paid from my sole bank account - I am not financially tied to my husband in anyway - due to his past debt problems.
I earn more than him and although he pays my £500 per month towards outgoings I pay the lions share on any work we do to the house.
He really is rubbish with money and despite my efforts to get him to save... he would rather buy another i-pod. I don't mean to paint a nasty picture of him, he is a lovely guy just terrible with money.
Would he be entitled to half my house in the unfortunate event of a split?
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Comments
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If you were to divorce after 2yrs this would be classed as a short marriage and the courts would look to put both parties back to the position they were in before the marriage....so if the house was paid for out of money you had before the marriage thenyou would PROBABLY be able to keep the house but if the house has increased since you bought it your husband may be entitled to 50% of the increase.
However if you were to split in 5 yrs time then yes your husband would be entitled to 50% of the value...If there were kids involved then the priority would be to ensure the children were housed till they were 18...
You would be entitled to 50%of husbands pension,shares or any other assets he accumulates in 5yrs time0 -
My friend bought a house a few years ago - she was with her partner at the time and they later married, but she still paid everything (including all improvements - it was a shell when she bought it) and it is in her name only. Fast forward a few years and three children were born. Husband left when youngest was a baby and eldest was about four. She took legal advice and produced evidence that she had paid everything. Husband has no claim on the house even thoguh they were married for five or six years.
It might be worth seeking legal advice now, and possibly drawing up documentation to protect you in the event of splitting up.0 -
My mum and step-dad have just split and my mum took legal advice re the house as she sold her own house to buy 'their house' and the rest is mortgaged. Her hubby didnt add to the pot over a 15 year marriage. She has been advised that because she can prove her contribution and the rest is mortgaged (and she pays the mortgage) he isnt entitled to anything re the house.
My hubby and I did a financial agreement which is held with our solicitor re the monies we put into our house (2 houses sold to buy 'our' house). We both get our initial stake in the event of a split plus half the profit or loss.
Edited to add - we're in Scotland which can make a difference.Light Bulb Moment - 11th Nov 2004 - Debt Free Day - 25th Mar 2011 :j0 -
And he would be entitled to up to 50% of your pension and all other financial assets you have.mackemdave wrote: »However if you were to split in 5 yrs time then yes your husband would be entitled to 50% of the value...If there were kids involved then the priority would be to ensure the children were housed till they were 18...
You would be entitled to 50%of husbands pension,shares or any other assets he accumulates in 5yrs time0 -
Moral of the story ultimately though is dont marry a loser.... ;-)0
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And hindsight is a wonderful thing!! :cool:0
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50% of whatever for each partner starting to divorce after some years of marriage is only the starting point..................
....I'm smiling because I have no idea what's going on ...:)0 -
If he were being pedantic, he could attempt to claim half the equity change over the 1 year the house has been owned.
It might have dropped in value, so then he'd owe you money!!
(If it had increased, he'd then have to prove he'd paid for half all work done on the house, and if he hadn't, you could then counter-sue for this money, which would probably be more than his half of the increase in equity!!).
So in short, no, he won't get any of it.
Marry a decent guy next time that you are financially compatible with!Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0 -
So what does his £500 contribution get spent on then?0
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