Donate SIGN UP

She contributed nothing - - what can he do?

Avatar Image
mayday289 | 00:26 Wed 21st Sep 2005 | Business & Finance
3 Answers
A friend has recently separated from his partner of 20 years.They had a platonic relationship for the last 10 years ( her decision) and have no children.At no time did she contribute anything to the mortgage or household expenses or do any work in the home. For the first 16 years the house they lived in was in his sole name but 4 years ago they moved house and the house was put into joint names. My friend has consulted a solicitor and has been told that his ex has rights to half the value of the property.Is this correct?
Gravatar

Answers

1 to 3 of 3rss feed

Best Answer

No best answer has yet been selected by mayday289. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
It's a general principle in English law that, once you've given something away, you've got no right to take it back. By signing a document putting a house into joint names your friend has given a 50% interest in the house to his (ex-)partner and he has no right to take it back.

Sorry!

Chris
The thing is, if you own a house in joint names you both own all of it ......  your friend would either have to buy her out or sell the property and come to some arrangement about the splitting of the proceeds.  Not sure which one of them is left in the house, if one of them now has another property one would have to watch the fact that they may be liable to capital gains tax on the sale of the property if they now own another one.
Surely she was given advice by the lawyers who dealt with the purchase as to the consequences of putting it in joint names. If she was not, then they have been negligent, and she should consider looking to them to make good any loss that she suffers

1 to 3 of 3rss feed

Do you know the answer?

She contributed nothing - - what can he do?

Answer Question >>