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sell house for a pound
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!!!!!!, so if i let some bint move in for a bit of regular bouncy and stuff doesnt work out she gets half my house, its not like she wouldnt be paying rent etc elsewhere.
any ways round this like trusts etc.0 -
!!!!!!, so if i let some bint move in for a bit of regular bouncy and stuff doesnt work out she gets half my house, its not like she wouldnt be paying rent etc elsewhere.
any ways round this like trusts etc.
According to Nicki, if you pay the mortgage and let her pay all the other bills you should be OK.0 -
!!!!!!, so if i let some bint move in for a bit of regular bouncy and stuff doesnt work out she gets half my house, its not like she wouldnt be paying rent etc elsewhere.
any ways round this like trusts etc.
Where does this half my house stuff come from? She gets a percentage based on how much she has contributed.
As an example, if you have owned your house for 10 years, on a 100% mortgage, and you pay all the mortgage for 5 years, and then she pays half the mortgage for 5 years, she will get 1/3 of the equity in the house, and you will get 2/3. If you put down a deposit, that is factored into the calculation and her share of the equity will be less again. If she has paid for improvements, that will also be factored in.
Some might say that this is a fair reward for letting a neanderthal use her for regular bouncy :rolleyes:0 -
Cant you just say any contributions she made was “rent”. After all how can she prove you where an item and not just a tenant0
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Get them to sign a tenancy agreement"Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
What a sad sad world we live in nowadays.0
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I thought that when this Law came into force some years ago, that when a couple were cohabitating. And it broke up, then the OH was entitled to half the proceeds. As they had contributed to the house whilst residing there!0
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dealornodeal wrote: »I thought that when this Law came into force some years ago, that when a couple were cohabitating. And it broke up, then the OH was entitled to half the proceeds. As they had contributed to the house whilst residing there!
Not necessarily half, that is too broad a generalisation. If the couple have both lived there for the same amount of time and made the same contributions then it is likely to be half.
Nicki's information is correct, the OP's partner will have a constructive interest in the property according to the amount that they have paid into the property, and any work that they have actually carried out on the property themselves.Gone ... or have I?0 -
>As an example, if you have owned your house for 10 years, on a 100% mortgage, and you pay all the mortgage for 5 years, and then she pays half the mortgage for 5 years, she will get 1/3 of the equity in the house, and you will get 2/3.
Maybe my Math is rubbish, but shouldn't that be 1/4 to her and 3/4 to him?0 -
Not necessarily half, that is too broad a generalisation. If the couple have both lived there for the same amount of time and made the same contributions then it is likely to be half.
Nicki's information is correct, the OP's partner will have a constructive interest in the property according to the amount that they have paid into the property, and any work that they have actually carried out on the property themselves.
It isnt clear from Pauliam, whether they set up home together, or his OH just moved in 4 years ago?
Yes Nicki gave an excellent reply!0
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