I was just wondering if anyone had any experience of going through a separation when they are the sole owners of a property but there have been financial contributions from their partners.
so background. I bought the house in my name, my mortgage, deposit all my money.
He didn’t have any money to put in plus I’ve worked tirelessly to buy the house (renovated my last 2 properties mainly myself to afford to climb the property ladder).
My partner ( now ex) had massive debts and had to sell his own property to pay the tax man back and some other debts. I’ve always wanted to keep our finances separate as he’s so bad with money.
Been together 4 1/2 years and have a 2 yr old son.
The mortgage has always been out of my account and he pays in to a joint account where most of the bills come out of and bits and pieces for our son. His $ contribution is the same as what the mortgage costs each month.
He has however paid a considerable amount towards renovations but he’s put probably 90% of the cost ‘through his business’ as a total tax dodge.
we have since split up and I recognise I have to pay him what he has contributed to the renovations but will I be forced to sell my home to do so?
just wondering if anyone has been in a similar position and what the outcome was.
Thank you!