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House was owned and paid by dh before marriage

10 replies

Appleholic · 05/02/2019 15:19

Does that mean its a premarital asset for dh? In the case of things going wrong.

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punishmepunisher · 05/02/2019 15:41

Depends on lots of things. How long you were married, what each persons earnings are, whether any children were born during the marriage, whether the house deeds are in both names.

Appleholic · 06/02/2019 09:31

Married 11 years, one small child, I work part time. Had house put in my name as asked to. Tenants in common.

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ColdCottage · 06/02/2019 09:38

As I understand it once it is in your name too then it's split between you both if you split up.

punishmepunisher · 06/02/2019 09:47

Then if you divorce it will likely be split 50/50.

Appleholic · 06/02/2019 10:39

Only recently got him to agree to this. Was reluctant to before, said why should I benefit from house I hadn't paid into.

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anniehm · 06/02/2019 11:27

Even if the house wasn't in your name it could be considered a joint asset once you are married a while (which you have been) especially with a child. Hope this doesn't mean that things are rocky?

Whatthefoxgoingon · 06/02/2019 11:31

Joint tenants is different from tenants in common (the latter means you have a fixed percentage stake) so please make sure you get advice on this.

Appleholic · 08/02/2019 09:01

Been married 18 years. Think its tenants in common, but have to check paperwork.

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Appleholic · 08/02/2019 09:02

I put 11 years married before that was typing error.

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Fairylea · 08/02/2019 09:07

Married for 18 years and the house is in both your names - I’m not 100% sure but I’m pretty confident it would be split 50/50 if you divorced.

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