Hi, I would be grateful for some advice for my friend.
She and her partner of 10 years is considering splitting up. They have two young children aged 3 and 7, and were engaged. He owns the house they live in and she soes not have her name on the mortgage or Deeds (yes not wise!). She has been with him since buying the property and they bought it on the consideration of it being a jjoint, family home. Albeit not legally. My freind has always paid for all of the children's clothes and related items,holidays, towards some bills, repairs and home improvements.
She has a small flat property which was bought 8 years ago which is rented out, and is 2hrs from their home. She has has said she could sell it in 2 years after her fixed rate mortage ends, or it will incur a large penalty before.
My freind understands that she cannot get any equity if they sale the family home, and it would be low, as the mortage is quite big.
She would like to stay in the family home,even until the children reach 18,if possible, due to schools, and hopefully less disturbing for the children.
Her partner has earned quite alot more throughout the relationship, and she works part time. He seems quite fair to sort out something reasonable for the children. He does not think he can afford to rent privatelty.
What do you think woukld could do as she no longer wants to continue living with him, as it has become very strained.
I had advised that she would probably not get housing benefit as she has a property. Is this correct?
What would a fair split of assets be?
Should she share 50% of the equity from her flat with him?
Thanks
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Legal matters
Unmaried Couple splitting
34 replies
Leah4 · 02/03/2011 11:36
OP posts:
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