Hi Clare, Thankyou for your prompt response. The house is now worth around £150,000. In 1998 when she took over the mortgage from her second husband the house was worth approx £70,000 and the balance of the mortgage debt now is approx £20,000, of which part is repayment and part endowment. The shortfall at redemption in 7 years time is expected to be around £5,000. I hope this helps.
There was no formal agreement between the parties at the time of his joining the household as to share of assets, neither was there any agreement at the time of financing the extension to the property in 2007.
Very difficult to estimate the increase in value due to the extension, which impoved the amenities but did not increase the number of rooms. Best guess would be an increase of £15,000 at the time of construction. Weekly contributions to housekeeping over recent years have been £160.00.
I am told that there was no agreement other than to contribute in the shares that I have indicated. The operation was to increase kitchen size and provide en-suite facilities to the main bedroom, which he thought was needed and with which she agreed.
Thank you Clare, that's really helpful. Just one further question. If he were prepared to provide a statement declining any interest in the property, would this suffice?