Hi, I'm after some advice. I am married with two children. My husband and I were given a large deposit towards a house by my husbands parents so we have very little mortgage. Due to my father in law's health deterioration, they have offered us another house to live in with our family. So we moved in on the understanding that once our "original" house is sold, they get their deposit back and my husband gets the larger family house signed over to him. They have recently changed this and are now saying that my husband will not get the house until they have both passed away. My worry is that my husband has two older brothers who have made it clear that they may fight for the house. Also, over the coming years, my wage and homemaking that I put into the house may end up not being mine and therefore I lose everything. I'm just after some advice. Also, could the government take the house before my husband inherits, it to pay for care of my elderly in laws?
Yes we are currently living in the family home with my in laws. They are currently having a house built on the land at the back with the estimated completion being in June. Our own house is currently being rented out for 12 months as it didn't sell as quickly as we wanted.
Our house is worth 110,000 & the outstanding mortgage is 38,000. The family house is worth approx 300,000.
It would be whatever we sell the house for minus the mortgage. So around 70k. We'd pay the mortgage off and give them what's remaining.
Yes, that was a part of the arrangement. We will be close by to help out when they need it. They also have another property which is worth around 350,000 which is being split between the other two brothers.
Yes it was 70k.
We are currently paying £200 a month but when we sell our house we won't pay anything.
Hopefully the marriage won't break down or my husband pass away, but if one of those situations happened, would I struggle to fight for what I may be entitled to?