Need urgent mortgage help

[Help1307]

We are buying a new house and current house is joint (both earned equally until I had DS2). I was doing bedtime with screaming tired DC and DH asked me to sign a paper saying oh it’s nothing just about how house is shared between us. I signed.

Just seen the email he sent to solicitors and opened the attachment which tbh I wouldn’t usually do bc I trust him and it is now saying we are buying as tenants in common - him 80pc and me 20pc.

Wtf does this mean?

If we buy the new house and we divorce - does this override the fact that we have been together 19 years and have 2 DC?

Does it override fact that normally assets would be split?

Or would it mean that if ever we did divorce I really would only get 20pc of house?

I can’t understand why he has done this. I only earn less than him now as went part after second DS. Otherwise for last 19 years we’ve been pretty much equal.

I’m mad and I don’t even know if I should be.

Am I potentially losing money from last 19 years or just extra that would be paid in respect of new house?

Thank you

I'd absolutely pull out of the sale. Then I'd divorce the bastard. What an absolute dick.

Will he be paying 80% of the remaining mortgage too?
Very good point from a PP!
If this does go ahead you can't be expected to pay 50% and then only have 20% in the event of a split.
He wants 80% - he pays 80%!
I'm actually still quite shocked by his actions so goodness only knows what you are going through OP.
Sending ((((HUGS)))) and

DP and I organised it TinC for inheritance reasons but we did a deed of trust and our solicitor worked out a very specific equation that would take into account the deposit, mortgage payments (split unequally due to different salaries), who paid the initial costs, and renovations/upkeep contributions. It wasn't a random 80/20 split.

@ladycarlotta that's exactly what we did and if there's a huge discrepancy in initial contribution then is the fairest way in my opinion...not as the OPs husband has done and demanded 80% of the whole house. What a sneaky bastard

www.homewardlegal.co.uk/deed-of-trust

You need legal advice.

Please go with what your gut is telling you about what he’s done to you & dc.

I know you probably won’t think your dh, who loves you, married you, had children with
Could even think of doing anything to hurt you
BUT, HE HAS, HE hasn’t got your back op!!
He’s a sneaky WORM, that’s got something up his fucking sleeve

My exdh swore black was blue, that there was nothing going on
Even said “why are you making something out of nothing and causing all this upset between us”
Turns out mths down line, OW

Go with you GUT

I'm ever so sorry you're going through this. It must be such a shock.

It sounds like he's been lining his ducks up so he can leave knowing he's got most the money.

Now it's time to line yours up and get the hell away from that nasty man.

If it’s really all about protecting his inheritance, have it written in that that exact money is taken from the sale of the next house for him.
STOP THE SALE. You could always ring the agents, explain the situation and that ‘it may be financial abuse’ and you’re looking into it and that you need them to say the vendors went with someone else last minute. Do it now before you’re left with 20% after 20 years!
I’m so sorry this is happening xxx

DH sound like a low life thieving arse. Sneaking about trying to rob his wife and child. Why would he want to put you both in jeopardy?

This is utterly shocking that after 19 yrs he would do you over! Hope you get some good advice on Thursday.

The other point is you may be earning less now but dont forget your looking after the children enables him to work and earn more.

wow. hes trying to fuck you over OP

pull out of the house sale, immediately.

i would end my relationship over this, he is dispicable.

wow. hes trying to fuck you over OP

pull out of the house sale, immediately.

i would end my relationship over this, he is dispicable.

[quote Higgeldypiggeldy35]@ladycarlotta that's exactly what we did and if there's a huge discrepancy in initial contribution then is the fairest way in my opinion...not as the OPs husband has done and demanded 80% of the whole house. What a sneaky bastard[/quote]
exactly, this is a gigantic abuse of the system. Fucking awful. We were so anxious to make sure that while my money was protected (I'm a freelancer, unlike my partner I don't have a regular salary so I feel like investing is quite important for me), while also ensuring my partner didn't get ripped off on his share of the house. This isn't that at all.

What a conniving snake! Together for 19 years and he's pulled that stunt. He's definitely got an ulterior motive otherwise he would have discussed it with you. Pull out of the house-sale for sure, he certainly doesn't see you as an equal and I'd bet money he was going to try to screw you over. I bet he's squirming like crazy knowing he's been sussed - good on you! I hope you get a clearer picture after seeing the solicitor on Thursday.

Not really sure why you're getting legal help to even consider this. It is absolutely unfair. The way he did it may even be illegal and fraudulent.
Did you insist the solicitor get rid of the document you signed?

It doesn’t override any order on divorce but does mean he could give away his 80% or leave it to someone else in his will.

You seem to feel like you have to go through with the purchase. Are you used to having him make all the decisions? Remember a marriage is a partnership. You get to put your foot down and say "I'm willing to sell this house but I'm not willing to buy another with you as things stand."

That gives you time to think and decide what you want to do. It sounds like you feel under pressure to accept this. Refuse. Put the brakes on. You don't need to do anything else for now. Only stand up for yourself.

Take some deep breaths, OP.

You say the solicitor was useless but actually that's not true: you discovered that this move would put you in a precarious position. It's not a great decision for you, this one he's unilaterally made.

He says it's nobody else's business - but it makes a huge difference to you! It's your business what happens to your money and he's effectively taking money away from you that is rightfully yours!

Also, you say that you know nothing about your finances, but you have told us how you are both planning to buy this house, and as PP have said, the ratio is 65:35. Or protect his sum (he gets it back when you sell) and then split everything else 50:50.

You've got this. You have the facts. You're right to be furious with him and I hope you haven't lost that fury you were feeling last night. The most important thing to do now is talk to your current solicitor and say you no longer agree to the purchase. Do you feel able to do that?

If he was just trying to protect his inheritance he would have spoken to you first and gotten a deed of trust drawn up to ringfence the inheritance, then the house would just be held as joint tenants. In the case of a sale or divorce he'd get his inheritance back then the rest would be split 50/50 or whatever % court decided. He's trying to rip you off and instead of being open and discussing it he went behind your back and tricked you into signing. This isn't him protecting his inheritance it's him trying to trick you out of a fair share of the family assets. He hasn't even considered his children in this. If you buy as tenants in common and he dies you could find your DC home sold out from under you to pay out whoever his share is willed too. Even if I trusted DH 100% I wouldn't buy as tenants in common. Inheritance of a joint property is so much simpler and protects the interests of the children as well as the surviving partner.

There is nothing to understand about his position. You need to revoke your signature ASAP. Make it clear you were tricked into signing the document without reading by your DH while stressed. You need to do this now, no waiting. The longer it takes the more of a grey area it may fall into. This part of it shouldn't be up for discussion and needs to be done now. You need to protect yourself and your DC. Once thats done talk to DH by all means, but please don't let him talk you into thinking this is OK. You don't need him to agree he's wrong before revoking it, you need to protect yourself. Please don't wait.

As a pp says, continue to sell the house but do not buy the new one. Take your 50% and either use it tho buy a new one on your own or rent somewhere for you and the kids.

How are you today, OP?

Please o ur a halt to the sale immediately !!! You need to understand exactly what is going on with your finances and your husband can't just make this decision without discussing with you. I would seriously be considering the future of the relationship if he was happy to do this to you

I'd call a halt to everything anyway OP, regardless of what your solicitor says at the appointment.