Meet the Other Phone. Child-safe in minutes.

Meet the Other Phone.
Child-safe in minutes.

Buy now

Please or to access all these features

Divorce/separation

Here you'll find divorce help and support from other Mners. For legal advice, you may find Advice Now guides useful.

Finances Query

4 replies

Laurel92 · 05/04/2022 11:33

STBXH and I separated last year and just been granted the Nisi. I'm now looking at getting the financial agreement sorted. No children. He has been living with a friend since separation and I am still in the marital home. House is currently on the market. We are joint tenants. Since we purchased, I put an additional 40k of inheritance money from a grandparent into renovations which improved the value of the home.

We are relatively amicable. A few months ago we had a chat about onward plans. He said his parents will be giving him money towards a deposit for somewhere new. Apparently this is an advance on future inheritance. The equity we each have from the house is good but he wants to move to a more expensive area. I am staying in the same area and can afford to do that with my mortgage potential and equity. I don't have any family that could help me financially if I needed this.

My question is should I be asking for a greater share of the equity. Not much, like 5-10% more because he is receiving this inheritance advance to help him purchase his next property and I don't? He could afford somewhere in our current area but is choosing to move somewhere more expensive. Looking at properties in his chosen area, I imagine where he is buying will be larger than what I can afford. We both have equal salaries, savings and pensions and have agreed to keep these as our own.

Appreciate any advice

OP posts:
MrMrsJones · 05/04/2022 11:35

Split the house 50/50 but remove the extra £40000 you put in.

Bollindger · 05/04/2022 11:35

Ask him to agree you get the 40k back. Then share any other profit.
Since you can prove that it would mean no legal fees to sort it.

LemonTT · 05/04/2022 12:44

You can ask, he can say yes or no. The house is a joint asset. Legally it should be split 50:50. Any investment made during the marriage is a marital decision and it goes in the pot. The money from his parents is not part of the marital pot. He hasn’t even got it yet.

I don’t see what legal case you would have for a bigger share. But you can discuss it with him and see if he wants to concede the request. If he doesn’t then you need legal advice on whether you could get more than 50%. If this is unlikely don’t waste money on it.

millymolls · 05/04/2022 15:50

See if he will agree to ringfence the 40k to you then the rest is split 50:50
I don’t personally think you should be entitled to anything more or the ‘advance’ but I’m not a lawyer
You don’t have children so you’re just 2 individuals with different earnings

New posts on this thread. Refresh page