I'm not on the mortgage - what are my rights?

Foxy-Stoat_3

Look at it from his point of view, you put down £2,000....how much did he put down as a deposit and who paid the legal and application fees? If there's £50,000 equity in total, that means there must of been equity from a previous property or he saved up A LOT or prices have jumped since he bought it.

He is probably just looking out for his children should the worst happen as you would have a 50/50 claim on the equity if sold.

You don't say how long you have been contributing to the mortgage....assuming the rate and payments are roughly the same as mine, I only knock off around £2,000 a year off the equity....the actual cash amount you are trying to protect may be less than 10% of the current equity.

Agreed there should be something in place to protect you without resorting to costly legal action.