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Entitlements

MandyMoo0712
Posts: 9 Forumite

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
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MandyMoo0712 said: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 addressAny advice would be very welcomedThanks0
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Silvertabby said:MandyMoo0712 said: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 addressAny advice would be very welcomedThanks0
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MandyMoo0712 said:Silvertabby said:MandyMoo0712 said: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 addressAny advice would be very welcomedThanks
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.1 -
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
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MandyMoo0712 said:Silvertabby said:MandyMoo0712 said: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 addressAny advice would be very welcomedThanks
married) after 21 years together.2 -
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 addressAny advice would be very welcomed0
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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.
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
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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 nothing2
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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)0
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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 impossible0
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