sell house for a pound

pinkshoes

If you're ready to move in together as boyfriend/girlfriend, then you should discuss this upfront about what will happen should you split up, and agree whether the other partner is a "tenant" paying rent, or indeed contributing to the mortgage.

In this case, I would presume that the ex would be entitled to half the equity increase from when she moved in, to what it's worth now, minus what she would have paid for 4 years rent.

i.e. house in 2003 was £200k with £150k mortgage (so £50k equity) and in 2007 is worth £230k with £130k mortgage (so £100k equity), then she'd be entitled to £25k (half of equity increase), minus what she would have paid for 4 years renting (12 months x 4 years x £400 for a 1 bed flat, so about £19k), and if she hasn't paid half for the 4 years, you can deduct some more.

Maybe offer her £5k??

barnaby-bear

epz wrote: »

!!!!!!, 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.

That's the key paying rent; you get partner to sign a lodgers agreement and give them a rent book.

mjdh1957

barnaby-bear wrote: »

That's the key paying rent; you get partner to sign a lodgers agreement and give them a rent book.

But a court (if it gets that far) will look at the reality of the situation and not what the partners have called it.

Courts don't take kindly to attempts to wriggle out of legal obligations and can set aside any arrangements you may have made.

Nicki

boyse7en wrote: »

>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?

No, my maths is rubbish, yours is pretty good!

dmg24

Nicki wrote: »

No, my maths is rubbish, yours is pretty good!

It is actually even more complicated, they would look at the relative price rises (and consequent changes in equity) in each year.

Edit: Sorry Nicki, didn't mean to just quote that bit! x

Libra1975

Nicki wrote: »

The courts will only give your ex girlfriend a share of your property if she is legally entitled to it - ie if she has paid towards the mortgage or towards improving the property. Her share will be in the same proportion as her contribution to the equity in the house. As you have not been married, she is not entitled to any maintenance/alimony from you.

What you are asking for is advice about how to defraud your ex girlfriend out of money which she is entitled to by virtue of her contribution to the equity in your house. (If she hasn't made any financial contribution to the equity she is entitled to nothing). I find that despicable tbh and hope that no one will give you advice about how to do this!

This isn't a question about the courts handing over your assets to strangers with no claim. Its about the law being applied to protect the interests of those who unwisely believed themselves to be in a stable and mutually trustworthy relationship with you.

In future, if you don't want your girlfriends to have any interest in your property, then don't take money from them for the mortgage or any house improvements.

I think this post is unneccesarily harsh, we don't have the full story.

This document might help but you need to see a lawyer.
http://www.advicenow.org.uk/fileLibrary/pdf/housing-27.1.06(lo).pdf

maypole

Unless you are married, she has no entitlement to half the house, if it is in your name and you pay the mortgage.

dmg24

Libra, why is Nicki's post harsh? All it is, is legally accurate!

maypole, you have missed the concept of constructive interest.

Libra1975

You are quite right about Nicki giving legal accurate advice but I thought the following was harsh not knowing the full situation:

"advice about how to defraud your ex girlfriend"
"I find that despicable tbh and hope that no one will give you advice about how to do this!"
"those who unwisely believed themselves to be in a stable and mutually trustworthy relationship with you."
" if you don't want your girlfriends to have any interest in your property, then don't take money from them for the mortgage or any house improvements."

when we don't know if/what the g/f did contribute financially and when we don't know who ended the relationship or who if anyone is at fault.
This is just my opinion however, Nicki did get thanks 4 times for her post!

Nicki

Apologies if I was harsh. I was posting late at night which might have affected my diplomacy skills.

Granted I don't know all the facts, but my comments were based on what OP was asking - namely how to sell his house to his parents for a nominal sum to keep it out of the hands of his ex. The only way in which the court would give his ex a share would be if she had contributed to the equity. If she hadn't forked out her hard earned money for this, she would get nothing. OP has, on his own admission, already been in a situation with another ex where he refused to split the equity in a property with her, where she must have paid something in, as the court ordered him to give her a share. Therefore he has form.

Who ended the relationship and whether anyone has behaved badly to the other is irrelevant. This is purely a question of paying people back what they are owed.

Would it be different if someone posted to say that their ex had left a valuable asset in their house, but that they were going to fake a break in and pretend it had been stolen to avoid having to give it back to her? Morally I don't see a huge amount of difference between this and what OP was proposing.

I may be coloured of course by the large number of reported cases which I had to study when doing a law degree of women who lived with a man for countless years, paying for everything except the mortgage and who were all left with nothing when the relationship ended due to the deviousness of the male.

That being said, Libra, if you feel I am harsh, what is your opinion of what OP is proposing? Do you consider it to be a fair and decent thing to do, and would you appreciate being on the receiving end of such behaviour if you were in the shoes of his ex?