Name changed.
I moved into DP house in 1999. In 2004 he ended his interest only mortgage & cashed in endowment. We then took out a joint 25 year mortgage to buy some land & extend. We visited a solicitors (no longer in business) to add me to the deeds & purchase the land. At the same time, he gifted me 25% of the equity.
Our relationship is not doing so well at the moment & its possible we may split. I have downloaded the title register & we are both shown on there but no mention of any equity split. He says I am entitled to 25% of the current value after the mortgage deducted. The property was increased in value substantially by the extension. The property was valued at around £90000 when we took the new mortgage out in 2004, I expect it to be £225000 now. My question is where would this document regards the equity gift be? And did that 'fix' my share of the property to 25% forever?
Thank you
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13 replies
Onlyweknow · 27/10/2020 22:53
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