My husband has hidden £122,000 from me (before you ask, I do not gamble nor have credit card debt)

[Multiplicationarithmetic]

Married for over 15 years and I was sorting out some papers.
I found a buy to let mortgage with a difference between the flat value and mortgage amount.
I asked him how he paid the difference and he got angry and said he paid for it with his savings and that he could do whatever he wants with it.
I said it's our money cos I do loads of childcare and house-stuff while he's working 7 day weeks even on vacation.
Shit, it's that amount after tax. What the hell?
It's over I think. I'm terrified what a forensic accountant will find out.

Married for over 15 years and I was sorting out some papers.
I found a buy to let mortgage with a difference between the flat value and mortgage amount.

So how it you've met the tenants? Were you aware of the flat?

Has the £122k come about as the value of the flat has increased over time, so rather than him ploughing additional funds into the mortgage, it simply reflects an increase in value?

It's odd not to mention it, but I think I would view this differently

Not an increase in value over time, it's the difference between the cost of the property at purchase and the amount borrowed at purchase (mortgage).

I met the tenants cos he asked me to come with him.

He gives me a little and thinks I'll be quiet.

Have you checked between the cushions of the sofa? A woman at work bought one secondhand from the hospice charity shop and after it was delivered and when she was cleaning it slid her hand between the cushions and found £40 scrunched up and a few loose coins...

I didn't know he had the money for some of the purchase price.
I only found out about the property cos I asked him what's going on, I heard him talking on the phone.
I thought it was 100% mortgage like other properties he has

Be a big sofa with £100k hidden in it.

I'm putting info together.
I feel shaky.
When I question him he got so angry. I have to keep asking questions cos otherwise I'll weaken & accept that it's ok to treat me as the help and not his equal.

If he's got properties with 100% mortgages you are very exposed if anything goes wrong

I have seen the fallout several times

So, trying to put your posts together, is the situation that your husband has a number of investment properties (something you knew about and were involved in to the point that you sometimes met the tenants). And you have just seen the papers for one of them which imply he put a deposit down, whereas up until that point you had thought his properties were 100% mortgaged. So you are now wondering where the money came from for that deposit?

If I understood correctly, then I wonder if each time one of his properties rises in value he takes out the equity and uses it as deposit for the next purchase. I think that is how property investors often do it.

Keeping the flat/property income is secret from HMRC is illegal. The law assumes that you haven't kept it secret from your wife/partner. Both incomes including income from the rented property would have to be declared on your tax returns and you need to provide her P60 as proof, thus informing her of your asset. Of course, you could keep it a secret and that would put her in the <potential> difficult position of having to prove that she didn't know about it. It's very difficult to prove a negative & the UK legal system tends to assume transparency in a marriage or long-term relationship.

@Alltheyellowbirds That's possible.
So why not put some of it towards reducing other mortgages?
I don't have a clue what he's doing and by him yelling at me, indicates that I'm not supposed to ask.

He must do a tax return with an accountant or does he self file his tax return?

What I'm saying hun is that, since you are married & this property was bought after you were married, is that it is part of your marital estate should you decide to leave him. Your choice whether you decide to do that, but I know what I'd do. He's chosen to deceive you. Your choice if you can forgive that. 😘

I expect that is what he is doing / has done. It's the norm for people with several properties that are juggling mortgages and hoping for the rise in price.

Hopefully that’s all it is and there is nothing more sinister going on. But even so, he should definitely answer your questions about it and let you understand how he’s running the business.

Probably doesn't declare it otherwise OP's income would have to go on the tax return & P60 to prove it.

People always encourage women to hide money/assets so what’s wrong with a man doing it?

The point in what he is doing is a numbers/bulk game. More you have, the more 'profits' you have when selling up at retiral time.

We're not talking about a few grand packed away in order to escape an abuse relationship.

We're not talking about a few grand packed away in order to escape an abuse relationship. *Sorry don't know how to delete duplicate posts.

I think the law would say different.

It's not all his if you're married. You are mentioning forensic accountants which makes me think you've already made your mind up to split? Can't say I blame you.
How can he have a whole house without you knowing? I'd be worried he had a secret family living there! So I'd say get a solicitor, but don't let him know as he will probably already be trying to hide even more evidence.

Check with land registry who owns the flat & when it was bought. You can Google the road & look at Rightmove sold prices to find out when it was sold & how much he paid. I wouldn't be able to get past this, it would be a deal breaker for me & the marriage would be over. Do your financial detective work, get a shit hot solicitor & educate him that what is his is also yours & take him or everything you can. The fact he leaves everything family wise to you makes me think he may have already checked out of the marriage.

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