Loan in wife's name only

Tixy

beachhuggy wrote: »

I am happy to be "fair" about it, but her lack of fairness in the deposit is really winding me up!, all I get is "well you will know better next time and its tough s##t as legally I don't owe you anything for deposit"

Your response could be "tough s**t legally I don't owe you anything for the loan, and maybe you'll know better next time you thinks about putting someone else's debt in her name."

glasgowsaver2011

She walked out the marriage

all bets are off

the loan may have been used to pay off joint debts

so be it!

she can take you to court for it.

she gifted you the money!

McKneff

Sell the house, then go grape picking in France, that'll teach her. lol

Apples2

As has been mentioned, the Divorce should bring an agreement for the division of assets. you will have to bash this out.
The biggest factor to consider is the solicitor fees. they will tell you what you want to hear, they are getting a handsome figure from you.

If you can't agree between you, think carefully about how much you are going to pay in Legal Fees to argue it out.

I was in a similarly tricky position during mine and at one point pulled the plug on the whole divorce, I was already moving toward £6k in Solicitor fees and still had some way to go.
The money I stood to gain was being rapidly eaten by those blood sucking leeches in the legal profession.

KingElvis

Like I said, we agreed that all debts be paid from the equity but that was another world as far as house prices go and we both left on (fairly) amicable terms.

I couldn't be arsed with people banging on my door asking for money, letters, phone calls etc.

They one trick she did try and pull (cheeky mare) was to get a loan for 2k DURING the divorce and then try to have that included in the settlement LOL

Ahhhh the memories.

DCFC79

McKneff wrote: »

Sell the house, then go grape picking in France, that'll teach her. lol

I like the grape picking idea,

poppasmurf_bewdley

beachhuggy wrote: »

KingElvis, We have had an offer which would leave the equity on the house at £5500 which will not cover all the charges related to selling. She is telling me that I need to get a loan to pay the rest and give her £6000 towards the loan taken out in her name in September last year!

You will be responsible for 50% of any losses on selling the house. The loan is her sole responsibility.

If you paid £12k deposit on the house and she provided nothing, it sounds as though you have just about broken even.

LovelyLeeds

beachhuggy wrote: »

I put the full deposit of £18000 on this purchase, she put nothing. Last September we decided to take out a loan to consolidate all our existing debts into one monthly payment, which totalled £12000, this loan was solely in her name tho it was joint debts. .

Remind her the £18,000 was a joint amount and that she can't have it both ways. She cannot expect you to forego the whole £18,000 equity and for you to pay half the loan - it just wont work that way. She's trying it on - the loan's in her name.
I would imagine you both can't afford to pay divorce lawyers, so keep things simple and polite, stick to the facts and don't pay any more of the loan in her name.

AMILLIONDOLLARS

Quote back to her

"well you will know better next time and its tough s##t as legally I don't owe you anything for the Loan"

AMD

malkyh

So you put £18,000 into the house solely?
She took out a loan of £12,000 for joint debts?

How much of this £12,000 was your debt, and how much was hers?