Entitlements

married) after 21 years together. 
He is moving to Boston for a new job. Myself and 18 year old son are staying in uk and looking to buy house with my share of profit from sale of current house (in joint names)
My question is, am I entitled to more that 50% of profits as I will be providing a home for our son who will be going to Uni in September and this will be his address
Any advice would be very welcomed 
Thanks
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Comments

  • Silvertabby
    Silvertabby Posts: 9,992 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    married) after 21 years together. 
    He is moving to Boston for a new job. Myself and 18 year old son are staying in uk and looking to buy house with my share of profit from sale of current house (in joint names)
    My question is, am I entitled to more that 50% of profits as I will be providing a home for our son who will be going to Uni in September and this will be his address
    Any advice would be very welcomed 
    Thanks
    Are you getting divorced?
  • MandyMoo0712
    MandyMoo0712 Posts: 9 Forumite
    Photogenic First Post
    married) after 21 years together. 
    He is moving to Boston for a new job. Myself and 18 year old son are staying in uk and looking to buy house with my share of profit from sale of current house (in joint names)
    My question is, am I entitled to more that 50% of profits as I will be providing a home for our son who will be going to Uni in September and this will be his address
    Any advice would be very welcomed 
    Thanks
    Are you getting divorced?
    No, not married but he is father
  • silvercar
    silvercar Posts: 49,245 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    married) after 21 years together. 
    He is moving to Boston for a new job. Myself and 18 year old son are staying in uk and looking to buy house with my share of profit from sale of current house (in joint names)
    My question is, am I entitled to more that 50% of profits as I will be providing a home for our son who will be going to Uni in September and this will be his address
    Any advice would be very welcomed 
    Thanks
    Are you getting divorced?
    No, not married but he is father
    All subject to negotiation, unless there was an agreement drawn up when you bought. No rights to anything, especially as your son is 18, so is classed as an adult.

    Make sure his student loan application reflects that he is living with you only, so should be assessed on your income rather than both parents’ income.
    I'm a Forum Ambassador on the housing, mortgages, student & coronavirus Boards, money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • MandyMoo0712
    MandyMoo0712 Posts: 9 Forumite
    Photogenic First Post
    Dad is paying for all university costs (lucky lad) so nothing to worry about there. No pre agreement when buying house other than both names on mortgage/ deeds
    Don’t want anymore than I am entitled too, but don’t want to be taken for a fool either
    I’ve never had any allowance for son including child benefit as partner earned over threshold, despite me not seeing any of it
    thanks for all the advice
     
  • sheramber
    sheramber Posts: 21,787 Forumite
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    married) after 21 years together. 
    He is moving to Boston for a new job. Myself and 18 year old son are staying in uk and looking to buy house with my share of profit from sale of current house (in joint names)
    My question is, am I entitled to more that 50% of profits as I will be providing a home for our son who will be going to Uni in September and this will be his address
    Any advice would be very welcomed 
    Thanks
    Are you getting divorced?
    No, not married but he is father
    but your first sentence is

    married) after 21 years together. 
  • MandyMoo0712
    MandyMoo0712 Posts: 9 Forumite
    Photogenic First Post
    Sorry some of the original post was lost….

    My partner and I are separating (not married) after 21 years together. 
    He is moving to Boston for a new job. Myself and 18 year old son are staying in uk and looking to buy house with my share of profit from sale of current house (in joint names)
    My question is, am I entitled to more that 50% of profits as I will be providing a home for our son who will be going to Uni in September and this will be his address
    Any advice would be very welcomed
  • Brie
    Brie Posts: 14,225 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    A part of your negotiations might include taking his pension(s) as well as any other savings and assets in to account as happens when married people divorce.  The net result may be that you get more than 50% of the house value (after deducting any outstanding mortgage)
    I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe and Old Style Money Saving boards.  If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

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  • RAS
    RAS Posts: 35,028 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I'd advise that you find a good lawyer specialising in family law and unmarried couples. Bear in mind that enforcing anything after money leaves the UK is well nigh impossible.
    If you've have not made a mistake, you've made nothing
  • MandyMoo0712
    MandyMoo0712 Posts: 9 Forumite
    Photogenic First Post
    Brie said:
    A part of your negotiations might include taking his pension(s) as well as any other savings and assets in to account as happens when married people divorce.  The net result may be that you get more than 50% of the house value (after deducting any outstanding mortgage)
    Unfortunately I am not entitled to any of his pension or savings as there is no such thing as common-law relationships anymore. If that were the case I would not be worrying about money 🥹
  • MandyMoo0712
    MandyMoo0712 Posts: 9 Forumite
    Photogenic First Post
    RAS said:
    I'd advise that you find a good lawyer specialising in family law and unmarried couples. Bear in mind that enforcing anything after money leaves the UK is well nigh impossible
    I think this is my only option as law is law and I don’t want to get into any unnecessary conflict. Things are relatively amicable at present 
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