TR1 Equity Transfer

DrunkyTurkey

I moved my partner into my house 6 years ago. We went to the bank and borrowed money in order to fund an extension. In the process we both signed a TR1 Equity Transfer form and agreed a 90% / 10% split as she did not put any capital into the property. Post breakup, she is now asking for 50% of the equity. Can she do that as she already agreed to 10%?

foxy-stoat

She can do/say anything she likes. Are you trying to buy her out of her share @ 10% of the property value?

Have you engaged a solicitor yet, as I suspect you may need one.

Exodi

I'm confused, did you borrow money via a mortgage? Else I'm not sure how the TR1 came about?

Regardless if you have registered as tenants in common with unequal shares (as it sounds) then there's nothing to worry about, unless you are married (and this is the most important detail).

I think you're (both) missing the biggest issue here. The equity at this stage is mere fantasy - you both need to be in agreement of the sale of the house, are you? If you don't want to sell the house for 50 year she's unlikely to see any equity.

G_M

You own as Tenants In Common?


Did you execute a Deed specifying the ownership %?