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So upset my husband has lying to me about our finances

52 replies

goodiegoodieyumyum · 20/03/2014 09:01

We own a house in the UK, we could not sell it when we had to move abroad for husbands work. Yesterday DH was sick and I came home from taking my dd to school is was lying on the couch crying. I asked him what was wrong and he said he was scared about our relationship,I asked him why and he said because he had been lying to me about our finances in the UK.

The mortgage comes out of his bank account and the rent goes into to, rent much more than mortgage (now not when we first moved and we used to transfer money every month to make up the short fall), but we have to pay fees to the estate agent and other cost to do with the house and taxes on profits. He has been telling me we had loads of money, when actually his has a huge overdraft on the account. We can get a loan which we can afford but it means all the plans we had have to be put on hold.

We have a joint account here but didn't in the UK, he has promised he will put me on the account so I can manage the finances in the future. When we got married I discovered he had a lot of debt, luckily he sold a flat he owned and he mad a big profit. It did upset me that he wasn't honest and acted like he had a lot of money, before we got married, he promised he would never keep secrets to me , but he has.

So upset, especially as if he had told me sooner we could have economised sooner and not got into so much debt. I was Ok at first worried about him, but now all I want to do is cry.

Don't want to drip feed, don;t really like living where we live, though it is getting better in certain parts of life, so I am very confused at the moment.

OP posts:
ElizabethX · 20/03/2014 17:41

Presume what is happening that your net rent in is being spent so that when you later have to send in a tax return there's nothing in the kitty.

In that case you have 2 problems, a/ you're living beyond your means and b/ he's not telling you about it

If a/ is also his fault I'd be more concerned about that one...financially inept people are pitiless in their consumption of other people's money in my experience

BeforeAndAfter · 21/03/2014 07:56

I have a good accountant who specialises in residential and holiday lettings. I'll PM the details to you. He's definitely not PWC prices and, TBH, I can't imagine the big four would be the right advisers for this scenario. I used to live in an EU country and let out a property in the UK and I was able to keep my tax affairs in each country separate.

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