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Bought House

2

Comments

  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Cheeky_Monkey wrote: »
    ...

    Am I right or making it up as I go along? :rotfl:
    Neither.

    You're making an educated guess....
  • daryladvice
    daryladvice Posts: 13 Forumite
    Sixth Anniversary 10 Posts Name Dropper Combo Breaker
    That's correct, good guess. The only reason it was bought in her name outright.
  • daryladvice
    daryladvice Posts: 13 Forumite
    Sixth Anniversary 10 Posts Name Dropper Combo Breaker
    As I replied above, right to buy it was through hence on the name and he gifted the money.
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    daryladvice wrote: »
    That's correct, good guess. The only reason it was bought in her name outright.

    How did the ex boyfriend give your mum the money? Was it a gift or a loan? Has he placed a second charge on the property?
  • theartfullodger
    theartfullodger Posts: 15,796 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 29 January 2018 at 8:31AM
    He is at liberty to take legal/court action to recover his beneficial interest.

    Suspect he will lose.

    Buy mum CCTV, a Shed alarm and change locks.
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    daryladvice wrote: »
    As I replied above, right to buy it was through hence on the name and he gifted the money.

    Then he is a silly sausage. He should have loaned the money to your mum and placed a charge against the property to secure the loan.
  • daryladvice
    daryladvice Posts: 13 Forumite
    Sixth Anniversary 10 Posts Name Dropper Combo Breaker
    and yes just trying to understand my mother's standpoint should the situation change. That is all.

    I appreciate the proper advice.
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    daryladvice wrote: »
    and yes just trying to understand my mother's standpoint should the situation change. That is all.

    I appreciate the proper advice.

    Your mother is quids in. Essentially she has got a free house between the boyfriend's generous gift and the RTB discount. Now that is MSE :money:
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    How much did the BF gift her? Was it the entire purchase amount, or a %age deposit with the rest being mortgaged by your mother in her sole name?
  • TBagpuss
    TBagpuss Posts: 11,237 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    It may be that your mother's partner has a beneficial interest in the house, based on hos contributions towards the purchase and dependent on what they both intended.

    Your mother may struggle to satisfy the court that there was no intention for him to have such an interest given the inherent unlikelihood of someone giving such a valuable 'gift'.

    It would be open to him to make a claim against the house, probably under the Trust of Land and Appointment of Trustees Act (ToLATA)

    Was there anything in writing when he gave her the money? Did she declare it when she bought the house?
    All posts are my personal opinion, not formal advice Always get proper, professional advice (particularly about anything legal!)
This discussion has been closed.
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