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MEM62 wrote: »
It is a predictable tactic. Divorce is often a dirty business. (Although I can see FIL's view. Why should his money benefit you to the tune of £17.5K when you are divorcing his daughter?) Ultimately, a court will decide whether it works or not but if you and your ex choose to fight it that far you will loose more than that in legal fees. You'll both be far better off being sensible and coming to an agreement rather than making you lawyers rich.
Flip1234 wrote: »
The ex wants to buy my share of the house. It looks to me that this is a way of reducing my equity in the property. If FIL gets his share I will be left with 30000 for a 315000 house.
foxy-stoat wrote: »
Errrr no - they have to pay the FIL £63,000 based on current value - its not clear that FIL wants the original sum or 1 5th of the property's value in 2012.....
Flip1234 wrote: »
Hi apologies if I'm posting in the wrong area. In 2012 my wife and I bought a property. My FIL leant us 35000 towards the cost. We had an agreement that within 10 years we would repay him 1/5 of the properties value. 10 years went by and he wrote the debt off. We are now getting a divorce and ex has said that FIL now wants his money back. Is he able to do this?
enthusiasticsaver wrote: »
OP you signed a contract and if I had been in your FILs place and given my daughter a substantial deposit with written confirmation of the arrangements I would want it enforced should her and my son in law split. The legal costs will be high so you are better off coming to some arrangement and pay what you promised to pay.
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