📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Entitled to a share of marital home?

Options
12467

Comments

  • Comms69
    Comms69 Posts: 14,229 Forumite
    10,000 Posts Third Anniversary Name Dropper
    Type_45 wrote: »
    It doesn't matter if it was 50% or 10%. The point remains that not getting married doesn't protect your house from a partner.

    No but getting married is agreeing in law to share all property and assets...
  • jackieblack
    jackieblack Posts: 10,500 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    thorsoak wrote: »
    if the marriage were to fail within five years, it would be considered as a short relationship and the financial positions would revert to those as to when they married.

    Not necessarily, when there is a child of the marriage

    If they divorce the court would prioritise the child’s welfare.
    2.22kWp Solar PV system installed Oct 2010, Fronius IG20 Inverter, south facing (-5 deg), 30 degree pitch, no shading
    Everything will be alright in the end so, if it’s not yet alright, it means it’s not yet the end
    MFW #4 OPs: 2018 £866.89, 2019 £1322.33, 2020 £1337.07
    2021 £1250.00, 2022 £1500.00, 2023 £1500, 2024 £1350
    2025 target = £1200, YTD £9190
    Quidquid Latine dictum sit altum videtur
  • Pollycat
    Pollycat Posts: 35,788 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Savvy Shopper!
    edited 15 January 2020 at 9:41AM
    elsien wrote: »
    ‘There are known knowns. There are things we know that we know. There are known unknowns. That is to say, there are things that we now know we don't know. But there are also unknown unknowns. There are things we do not know we don't know."
    I'm familiar with the saying. :cool:
    I'm taking about the things that the OP doesn't know in this specific case:
    Pollycat wrote: »
    Maybe the OP should come back and ask again when the 'unknowns' are known.
    Also factoring in the response re pre-nups.
    The OP doesn't know whose name(s) are on the house deeds.
    The OP doesn't know if there is a mortgage and if there is, whose name(s) it is in.

    I don't understand why the OP is asking for advice when this information is unknown to him/her.
    If someone has asked the OP to post on here for advice on their behalf, I'm sure they would have provided this information.
    Or the OP would have asked for this information before posting.
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    Comms69 wrote: »
    No but getting married is agreeing in law to share all property and assets...

    Whilst married, yes. But they can be divided up again with a pre-nup.
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    Pollycat wrote: »
    I'm familiar with the saying. :cool:
    I'm taking about the things that the OP doesn't know in this specific case:

    The OP doesn't know whose name(s) are on the house deeds.
    The OP doesn't know if there is a mortgage and if there is, whose name(s) it is in.

    I don't understand why the OP is asking for advice when this information is unknown to him/her.
    If someone has asked the OP to post on here for advice on their behalf, I'm sure they would have provided this information.
    Or the OP would have asked for this information before posting.


    The marital home has not yet been purchased. The shopping for the house has only just begun.

    When the house is purchased it will likely be paid for by just the woman (with the help of her mother). But the ongoing bills once they move in will be paid for by both of the couple.

    It's therefore unknown at this stage who's name is on the deeds and whether the man would have any claim to the property. This is the point of the thread.
  • unholyangel
    unholyangel Posts: 16,866 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Type_45 wrote: »
    It doesn't matter if it was 50% or 10%. The point remains that not getting married doesn't protect your house from a partner.

    Pretty sure I've explained before on a previous post of yours that even a non-partner can make a beneficial interest claim (it has nothing to do with them being your partner) and this is why its always wise to have an agreement stating what exactly they are paying for and making clear they are not gaining an interest.

    That way should they (whether it be partner, friend or whatever) try to later claim an interest, it can be easily shown there was no intention for them to gain an interest.
    You keep using that word. I do not think it means what you think it means - Inigo Montoya, The Princess Bride
  • Comms69
    Comms69 Posts: 14,229 Forumite
    10,000 Posts Third Anniversary Name Dropper
    Type_45 wrote: »
    Whilst married, yes. But they can be divided up again with a pre-nup.



    No a pre-nup is not legally binding
  • Malthusian
    Malthusian Posts: 11,055 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    Type_45 wrote: »
    It doesn't matter if it was 50% or 10%.

    If you (or your friend) are rich enough that 40% of a house is not significant in the grand scheme of your finances then you can clearly afford some paid-for professional advice.

    You said that an unmarried partner got 50% of a house just because they'd "done up the house in some way". Comms disputed this. You doubled down by saying it happened twice. Now you're attempting a very inept reverse ferret by saying it was actually 10% but it doesn't matter. (Once or both times?)

    If you have a beneficial interest of 10% in a property and marry the other owner, you will, assuming it's not a short marriage, change that interest from 10% to 50% as the default position. You asserted that it is "not true" that "co-habitation doesn't have anywhere near the same level of risk" (Accountant_Kerry) which is incorrect. In the scenario you described co-habitation risks "losing" 10% of the house and marriage risks losing 50%. This is a very different level of risk.
  • Pollycat
    Pollycat Posts: 35,788 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Savvy Shopper!
    Type_45 wrote: »
    The marital home has not yet been purchased. The shopping for the house has only just begun.

    When the house is purchased it will likely be paid for by just the woman (with the help of her mother). But the ongoing bills once they move in will be paid for by both of the couple.

    It's therefore unknown at this stage who's name is on the deeds and whether the man would have any claim to the property. This is the point of the thread.
    Surely you(r friend) have discussed these details?
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    Pollycat wrote: »
    Surely you(r friend) have discussed these details?

    It's almost certainly going to be just the woman's name on the deeds. But with some sort of agreement that the man has a stake in the marital house. That's as far as they've discussed at this point. All bills will be shared once they move in.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.