Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • peachy89
    • By peachy89 19th Apr 17, 12:35 PM
    • 1Posts
    • 0Thanks
    Gifted Deposit - Parent payback
    • #1
    • 19th Apr 17, 12:35 PM
    Gifted Deposit - Parent payback 19th Apr 17 at 12:35 PM
    My friend and her partner have recently split up after he cheated twice with various women - they are not married but cohabiting in a house with a mortgage.

    They have lived in the house for a year and his parents gifted him 20,000 deposit to buy the house and do what he wishes with the money.

    Since the split in January, he hasn't lived in the property and for the past 2 months hasn't paid towards the mortgage.

    His solicitors have now sent my friend a letter asking for the sale of the property and for 20,000 to be returned to his parents once sold.

    My question is ...

    Is my friend liable to return 20,000 to his parents?
    The gift was in his name rather than hers but I was under the impression that on a joint mortgage, they haven't signed a declaration of trust so the sale of the property would be shared equally.

    Any help is greatly appreciated.
Page 1
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,339Posts Today

6,350Users online

Martin's Twitter
  • RT @Kirsty_M_N: KFC Take off the disgusting skin & coating and eat the chicken with salad (lettuce) I presume they'll have.

  • OK. Im taking a break from discussing today's poll to go for a run (i'll need it with all those calories to come!)

  • There's always one! Dave. You can't have Nando's. You've been shipwrecked. The choice is what it is. This real l?

  • Follow Martin