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Gifted deposit reclaiming
Tombradfield
Posts: 3 Newbie
I gave a gifted deposit to my now ex partner who I have a son with.
I gifted a sum of nearly 65k to her 3 months before she ended the relationship.
I gifted it her through a solicitor who did all the documentation, we did this as at the time I was a student and was told that the mortgage company wouldn’t allow me on mortgage.
Anyway I didn’t seek any legal advice and gave the money, the idea was that as soon as I passed university and was fully earning again I would either get the money back or we would put me into the mortgage.
But merely 3 months later I was kicked out and living back at my parents.
The question is do I have any recourse on getting the money back.
I have a police statement(long story, tried to get me done for harassment)that states in it that it was a loan and intended to give me the money back.
I also have proof of us living together at previous addresses just before moving to the new house.
Is there anyway of me getting the money back through tolata or any law?
Many thanks
Ton
I gifted a sum of nearly 65k to her 3 months before she ended the relationship.
I gifted it her through a solicitor who did all the documentation, we did this as at the time I was a student and was told that the mortgage company wouldn’t allow me on mortgage.
Anyway I didn’t seek any legal advice and gave the money, the idea was that as soon as I passed university and was fully earning again I would either get the money back or we would put me into the mortgage.
But merely 3 months later I was kicked out and living back at my parents.
The question is do I have any recourse on getting the money back.
I have a police statement(long story, tried to get me done for harassment)that states in it that it was a loan and intended to give me the money back.
I also have proof of us living together at previous addresses just before moving to the new house.
Is there anyway of me getting the money back through tolata or any law?
Many thanks
Ton
0
Comments
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What were the documented, agreed, signed by you & her, terms governing the gifted deposit? Sorry but I can't see them from here.... They will tell you what rights you have.
However, in my experience, gifted deposits are usually outright gifts, how generous of you, bye-bye....
How much are you paying per month in child maintenance?0 -
It is was stated it was a loan you may have recourse but it will depend on what the exact agreement said.MFW - OP 10% each year to clear mortgage in 10 years!
2019: £16,125/£16,125
2020: £14,172.64/£14,172.64
2021: £12,333.62/£12,333.62
2022: £10,626.55/£10,626.55
2023: switched tactics to saving in a higher interest rate account than mortgage interest rate
2024: mortgage neutral!0 -
As others have said what documentation did you sign when you went to the solicitors ?
Did they give you advice ?
Are you still a student ?0 -
Sorry you gifted it through a solicitor, you had legal advice - you have almost no chance of getting this back.0
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"Gift" - I think the clue to to the situation here is in the name!
However, with regards to the police statement - was it the ex-partner that made this statement referring to the gift as a loan? If so you might have a chance of pursuing her for it.0 -
Hi
Yes it was my ex partner that made the statement0
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