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Advice needed please..
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Wannabefree_2
Posts: 576 Forumite
My sister is divorced from her husband & the house is up for sale & has been for a year or so with no joy of selling it as yet.
My question is can my sister`s ex husband expect to get 40k (thats how much he wants) once the house is sold even though he has not contributed anything to any bills for the last 7 years?
He is starting to hassle her & has told her he will speak to the estate agent himself & tell them to drop the price so that he can still get his 40k. I have told her that he can`t do that but am i right?
Please can somebody help with some advice?
Thank You
My question is can my sister`s ex husband expect to get 40k (thats how much he wants) once the house is sold even though he has not contributed anything to any bills for the last 7 years?
He is starting to hassle her & has told her he will speak to the estate agent himself & tell them to drop the price so that he can still get his 40k. I have told her that he can`t do that but am i right?
Please can somebody help with some advice?
Thank You
AT LBM 7/1/08 (£24,018.09)- 25/09/11 (£13,032.25) - 26.04.15 - £6,429.70
LLOYDS TSB CARD £1,168.56 Loan 1LLOYDS TSB £5,261.14
:j Heading in the right direction!
Its taking so long......:(
LLOYDS TSB CARD £1,168.56 Loan 1LLOYDS TSB £5,261.14
:j Heading in the right direction!
Its taking so long......:(
0
Comments
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Theres no where bear enough detail to answer accurately I'm afraid. As a minimum we would need to know what the house is going to sell for, what the mortgage is, and if the ex is named on the title deeds.
Even then its not clear cut.
Everyones situation is different, your sisters best option is to speak with a solicitorI am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Theres no where bear enough detail to answer accurately I'm afraid. As a minimum we would need to know what the house is going to sell for, what the mortgage is, and if the ex is named on the title deeds.
Even then its not clear cut.
Everyones situation is different, your sisters best option is to speak with a solicitor
Thanks
The house is up for 179,950. The mortgage is for £130,000 & yes he is on the deeds.
Does it count that he has not contributed anything for the last 7 years (they have been split up for 3 years).
Also she has no savings etc to afford a solicitor, would she be entitled to legal aid?
Sorry for all the questions..AT LBM 7/1/08 (£24,018.09)- 25/09/11 (£13,032.25) - 26.04.15 - £6,429.70
LLOYDS TSB CARD £1,168.56 Loan 1LLOYDS TSB £5,261.14
:j Heading in the right direction!
Its taking so long......:(0 -
Wannabefree wrote: »Also she has no savings etc to afford a solicitor
I don't think she can afford not to have a solicitor
Much will depend on what other assets there are, the starting point is 50/50 of the 'marital pot'
If there is only the house to consider (no pensions or other assets) then with £50k equity the starting point would be £25k each.
Do they have children? this could move the split in favour of the person with the children living with them0 -
Why does he think hell get 40k did he put all the deposit down? Like post above said surely they'd get 25k each0
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