Husband scammed. Change house to my name?

[Sunnydaysaregreat]

It's looking very likely my husband has invested tens of thousands of pounds (turns out most of it is his family's as they thought he knew about money) in a scam investment. Spoke to FCA and Fraud Action already, both brilliant and gave help.

Although I'm shocked, I'm being calm with my husband and intend to talk about how we go forward, and pay back his family (I've been advised we're unlikely to get much money back). I'm trying to keep it together but the red flags were so clearly all over these companies, it's actually worried me so much that he is a liability for our financial safety (we have young children).

AIBU to tell him I want to house transferred into just my name? Obviously there's a huge trust issue in that he was doing all of this investing without telling me, but it's husband judgement I'm most concerned about. I'm going to talk to Citizens Advice tomorrow to ask about how this is done.

Advice appreciated as while I am being sensitive to the fact that he has absolutely been scammed, his judgement makes me feel unsettled.

@Fourcandleforkhandle I'm so sorry you and your son have had such a horrible experience. Please ask your son to get in touch with Victim Support because his mental health could really be suffering, especially as this can feel like an incredibly isolating and scary experience. I assume you probably have, but FCA and Action Fraud can be contacted to offer support too.

Thinking of you.

Did you run the credit check with Experian. I would be amazed if he's only invested relatives money, normally he would use his own first, then move onto relatives.

get your credit check done. It takes 10 mins. Ask him to do his and show you as well. How he reacts would be telling.

You have bigger problems in your marriage if you are coming on here to discuss this, he made a mistake investing this but you are not being trustworthy coming on here

I think you're being a little harsh with that one. The OP was in shock when she posted. This is an anonymous forum where Women often seek anonymous advice. I think the OP has already said that she hasn't discussed it with anyone in RL yet.

I can't see how he's had an emotional affair and lost a life changing amount of money and you're blaming the OP for seeking advice when she's obviously reeling?

Tenants in common and give him 2%
mortgage company do not like to remove names.

@CadyEastman Thanks, I thought it was an odd comment too, alongside the "airing dirty laundry in public" one. I've posted on here, anonymously and not in public, as I don't want to talk to family or friends yet and risk embarrassing or shaming him because, while I am in shock, I am still aware that he's been a victim and his mental health needs supporting.

What that poster might not understand is that while my husband is still denying it's a huge problem and saying I don't understand the "business model", he is still very much under the spell of these people (victim support warned me about this as the scanners make the other person feel like they are superior). So I can't actually talk to him in a reasonable manner about the situation because he still thinks he might get his money back and, while this is the case, he is at greater risk of giving them more.

I don't mind the odd negative comment, each to their own, and I'm not looking for an answer but it's been a life saver for me talking anonymous on here. Also, from some of the posts, many other people have experienced this so if me posting helps others know what to look out for and which helplines to call, I hope I'm not just venting.

Obviously you can’t change the house to your name without his agreement, but ask a good solicitor how you could stop him getting a second mortgage to raise money for any other risky/scam investments.
My BIL (investment professional) bought shares in a very risky investment for a family trust. Shares did very well for a while before eventually failing completely. Some people are willing to accept high risk for an excellent return, but obviously many sensible people settle for a lower return which is extremely unlikely to fail - your DH is not one of the latter, preferring one that is too good to be true. He’s a scammers dream.

I’m sorry for what you’re going through.
Id be very worried too. Your husband sounds arrogant, defensive and in denial. I couldn’t trust him again either.

Consult a lawyer, but there may be other ways to protect your family's security without completely humiliating the foolish husband. IIRC joint ownership in UK is usually as "joint tenants". That means either of you can unilaterally sell the house or lose it to a scammer. But joint ownership can also be constructed as "tenants in common" meaning you each hold a half-share and disposal of the property would require joint consent.

Absolutely no problem but I just want to reiterate my earlier advice of going for Divorce sooner rather than giving him the opportunity to gamble even more of your joint money.

Is he/your family in debt now, or he only borrowed from his family and used the savings you had? Are you sure he didn't take out any loan from the bank, used credit cards, or get loans from credit cards? If so, will he be able to, pay that back? If there is any such loan, you might need to talk to debt advisor. Payplan is good, if you'll need one.
Just to say- been scammed last year and learned hard way, so happy to help if an advise is needed where to go and how to do it.

@Sunnydaysaregreat Thankyou for your kind words advice. I do worry about my Son's mental health and will tell him about Victim Support. We have not contacted anyone because we believe deep down nothing can be done.
I just hope my Son and others like your Husband learn from this forever.

Many of us have asked this but OP hasn't said, Mayana1

Personally I'd find it a bit odd to approach all these regulators and not carrry out a credit check myself, but there you go

That has to be one of the most twisted comments I have ever read. I wish your family luck.

@Mayana1 I actually asked him to do a credit check today (I always check mine on Experian so knew i was ok) and I looked and it was fine, no borrowing so that's a huge relief but I dread to think if I hadn't found out where it could have gone. Again, thanks for all your help. We've slowly got through thd first few days but feel it'll be a long road ahead.

Is he still convinced that it's all quite legitimate @@Sunnydaysaregreat?

@3luckystars

He sounds like a twat

Thick as outside toilet,

Why all the secrecy hiding so 😕 much money he was throwing away in bottomless pit when so much was at stake financially emotionally healthwise,

He is walking talking frigging liability,

I think 🤔 he could have the potential to fall for some other type of scam sooner or later or gamble his money in some other way,

It could very well be a red flag of addictive personality behaviour

He needs effective therapy or just walk out of this pantomime of marriage

What a nightmare

You sound much more switched on smarter,