HELP - Is my partner scr*wing me out of money??

dnatasha

Me and my ex bought a house for £245,000. His parents kindly put a big £40,000 deposit down for us, so neither of us put money down for the deposit. When we did the deeds he put it down as 50/50 ownership. We fortunately never had to pay towards the mortgage either as another property he owned, the rent money paid our mortgage. The only contribution we made was that he paid £180 council tax and I paid £140 on bills. We both put savings into a joint account which we used to do up the house over the last 2 years (as we bought it to do it up). Now that we have split up (2 and half years later) he wants to buy me out and said that I am only entitled to the savings that I put away over the last 2 and half years because I only paid the bills, he doesn't think I should I get anymore as bills aren't contributing to the mortgage.


I have made it clear that I do not want the equity from the deposit from his parents however as I have contributed towards the bills and paying towards doing the house up, that if the house has gone up in value from what we initially paid for it that I am entitled to half or even quarter of that.


Is that right or am I in the wrong to ask for that??


Please someone advice

Soot2006

When you say 50/50 ownership - joint tenants or tenants in common?


This thread might be better off in the House Buying section.

seashore22

I think your maths is a little off op.

If he paid the mortgage with money from a rental property then he definitely paid the mortgage with his money. £180 council tax is not all he paid, by any means.

amnblog

You put nothing in, you did not pay the mortgage, you paid £3,360 for bills over two years.

Not sure how you are being screwed?

Paul_DNAP

OP - you are confusing contributing to the upkeep of the HOUSEHOLD (bills, food, expenses) with contributing to the buying of the HOUSE (mortgage, possibly also insurance).
If your partners parents put down the deposit (and if it was a gift to him rather than you both) and if his rental income covered your mortgage payments then I would say if it went to a divorce court then it is highly likely that they will rule that the bricks and mortar belong largely, or wholly, to them.
The only caveat on there is your line about "contributing to doing the house up" - if that was you making significant payments for major renovations (new windows, extension etc.) rather than general basic upkeep (wall paper, paint) then you could argue you have some investment in the fabric of the building.

Neutrinno

Why would you be entitled to any new built up equity now when you put nothing in to the deposit, didn't pay for any of the mortgage and just contributed a small amount towards general bills? You can't say 'we fortunately never had to pay towards the mortgage', your ex partner paid the mortgage with his rent income.

You aren't being 'screwed over' in the slightest in my opinion, you've personally lived rent free for two and a half years.

marliepanda

Someone is definitely trying to screw the other out of money....

blues

Well you had an easy ride there. You're owed nothing as you contributed nothing to the purchase of the property.

AnotherJoe

As said, someone is doing the screwing, but big clue, it's not your ex.

csgohan4

This is a wind up surely?

ctlfc

You said "he wants to buy me out and said that I am only entitled to the savings that I put away over the last 2 and half years" So he is offering to return the money you put into the savings account?

He has paid the mortgage for the duration, his parents paid the deposit, all you did was contribute towards bills and got away without paying council tax, which you would have had to if you were living alone.

You are already up on the deal having lived rent and council tax free for two and a half years. The question you asked was "am I being screwed?" the answer to which is no.

The most surprising thing about the post is that the deeds say 50/50 ownership. Does this mean the OP is entitled to half of the equity in the house? Big mistake by the homeowner if this is the case.