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Do I owe my ex husband equity from our house?
Woodyr01
Posts: 1 Newbie
Hi - asking on behalf of a friend.
She separated from her husband approx 10 years ago, at the time he asked for money based on value of the house which she did. He has not paid the mortgage for the past ten years and they have since divorced. She is now trying to take his name off the mortgage but he has refused and now says he's owed His share of the profits (equity). My friend is on a low income and can not afford a solicitor - so just needing some advice on whether or not he is entitled to anything.
She separated from her husband approx 10 years ago, at the time he asked for money based on value of the house which she did. He has not paid the mortgage for the past ten years and they have since divorced. She is now trying to take his name off the mortgage but he has refused and now says he's owed His share of the profits (equity). My friend is on a low income and can not afford a solicitor - so just needing some advice on whether or not he is entitled to anything.
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Comments
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Hi Woodyr01 and welcome to MSE,
Unfortunately, in a situation like this, your friend will need legal advice. She can look for cheap or free legal advice from places like law centres (www.lawcentres.org.uk). I would imagine the situation would depend on what was agreed during the divorce settlement and what paperwork she has to verify the agreement they made when money was given to him before. But, realistically, she isn't going to be able to re-mortgage in her sole name until this is resolved. Best of luck,
Laura
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0
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