My partner lives in the family home but live separate lives for financial reasons. It has been this way for a while now. We have decided that he should move in with me. He has an outstanding amount on the mortgage. I would prefer he insisted his family move into a new home that could be brought outright and he came to me with no debt. My concern is they have nothing in writing that says they are legally separated. It also concerns me that she could claim financially against me.
Yes still married and 3 children involved. Aged 21, 18 and the other nearly 16. House worth approx 800K and 180K left on the mortgage.
Him 120k and her 15k
We don't know right now. Just wanted to understanding the risks, options etc. regarding our situation.
Just the house and the mortgage debt.
Yes he does. No ideas as to the worth but they have lived in the same property for 20 years.
some general outlines will be fine. Thanks