Advice please - house bought with mother all went horribly wrong.

G_M

Either you owned these houses or she owned them or they were jointly owned. It is unclear which.

If the mortgage was yours, then you name would be on the deeds so you owned. In which case only you could sell, and only you could get the sale money.

So none of this makes sense.

To get any serious advice, either here or from a solicitor, you'll need to get your story a lot clearer.

dillydallydilly

kingstreet wrote: »

Checking understanding.

House 1 - she paid for deposit and work. You were named on deeds and paid mortgage? House 1 sold.

House 2 - £70k cash paid and sold for £140k and no daughter involvement?

House 3 - mother paid deposit, OP raised mortgage of £150k or purchase price of £150k?

Limited Company launched. Mother company secretary, daughter only director (at time you needed two directors or one director and co. sec.?) OP states mortgage paid out of business income. Which mortgage on which property? Are we on House 4 now?

Meet future husband. OP moved out of where? Mother insists OP pays mortgage. Which mortgage on which property?

House 3 - paid about £250K, I took out mortgage of about £150K she sold it for around £350K.
House 3 mortgage paid by business income rather than I take a salary. She sodded off from the business when we fell out, took my biggest client and then left me to deal with the corporation taxes which because she had insisted all the income go to the house proved difficult to pay.

Meet future hubs moved out of house 3, but mother dear wants me to pay mortgage. which I refuse, then she doesnt speak to me for a year.

dillydallydilly

CloudCuckooLand wrote: »

Talk to the solicitor who handled the transactions and funds.

If the mortgage(s) were in your name, the house(s) would also be in your name.

I do not think there is any way your Mum could get funds from a house sold in your name, without your signature. Other than fraud on the part of the solicitor.

So if you signed funds over to her, that ends your ability to lay claim to the funds. Unless the solicitor did anything clever with the paperwork.

If you did not, the solicitor has some sticky questions to answer.

No, I did hand over funds because she always made it perfectly clear that the houses where hers in their entirity, she was my mother and I just agreed to it. It had always been her and I since the age of 4 so I trusted her implicitly and was relaxed about it because I was happy to help her get a nest egg knowing that eventually the money I had invested (i.e. paying the mortgage) would come back to me. Hindsight is a wonderful thing, but then you dont think your own mother could be so hateful.

dillydallydilly

G_M wrote: »

Either you owned these houses or she owned them or they were jointly owned. It is unclear which.

If the mortgage was yours, then you name would be on the deeds so you owned. In which case only you could sell, and only you could get the sale money.

So none of this makes sense.

To get any serious advice, either here or from a solicitor, you'll need to get your story a lot clearer.

The deeds where in my name, but we were dealing with a very very manipulative woman who constantly reminded me that the properties where hers because she had the deposit and that my mortgage part was only minor. I always got the line that without her I would be living in some dive and that she had done so much for me as a child being a single parent etc etc. Remember it was a mother and daughter relationship built on trust and I went along with what she said. There was no way I would have started running off with the sales proceeds, or banked it then given her some. I'm just not that sort of person.

kingstreet

How did house three work then? If it was owned by the limited company, how were you the mortgagor? The deposit was paid by her? Into the company first?

If the company owned house three, what happened to the proceeds which belonged to the company, not to her?

What income generated the corporation tax you mention? Were you trading in some way in addition to the property selling?

dillydallydilly

yes it's complicated. thank you for all your comments. I will speak to a property solicitor and see what they say.

Did I mention that she also took a mortgate out in my name without me knowing with a boyfriend of hers.. police got involved and then swore blind she had nothing to do with it. Forged signatures, photocopied passports and driving licence all back in the day when you could get non status mortgages Great mother, eh!

dillydallydilly

kingstreet wrote: »

How did house three work then? If it was owned by the limited company, how were you the mortgagor? The deposit was paid by her? Into the company first?

If the company owned house three, what happened to the proceeds which belonged to the company, not to her?

What income generated the corporation tax you mention? Were you trading in some way in addition to the property selling?

company didnt own house 3, i did with her deposit. she wouldnt let me take a salary insisting any income first went to pay mortgage. But then technically it would look like my salary on paper I suppose.

You couldnt make this up about a mother could you?

kingstreet

Sorry.

I've lost it.

I'm out.

climbgirl

dillydallydilly wrote: »

The deeds where in my name, but we were dealing with a very very manipulative woman who constantly reminded me that the properties where hers because she had the deposit and that my mortgage part was only minor. I always got the line that without her I would be living in some dive and that she had done so much for me as a child being a single parent etc etc. Remember it was a mother and daughter relationship built on trust and I went along with what she said. There was no way I would have started running off with the sales proceeds, or banked it then given her some. I'm just not that sort of person.

What you're essentially saying is you sold the houses that were in your name and willingly handed over the entire proceeds to your mother. Manipulative or not (and she sounds like a piece of work!), you handed over the money.

I really don't see how you have any legal recourse at all.

G_M

I'm beginning to doubt everything about this story. Too many inconsistancies and impossible scenarios.