I have lived in house for 18 months it is valued at 180,000. i have carried out work to the value of 12,000. I have officially paid half mortgage and household bills since we married 12 months ago, work was being carried out in order to increase its value so it could be re mortgaged in order to satisfy my wifes debts. we both earn under 20,000
Lived together for 18 months, married for 12. house is worth 180,000, i have invested approx 12,000 . half in materials half in labour.
no other assets apart from a few bits of furniture and a car ,on finance, which she uses and I pay for. Finance on car is in joint names.
the idea of me doing work on house was so that we could add value and then re mortgage to satisfy her debts, She has 50,000 of equity in the house and 45,000 of debts. re-mortgaging without adding value would not be possible. I have paid half the mortgage and half all household bills for last 12 months and recently booked holiday for us and her son which i will loose deposit on. All i want is some of my own money back
135,000 outstanding. my work , when project is finished will have increased value by at least 15,000
yes I am and have applied for marital home rights order. I will only be wanting back money I have spent on double glazing and materials, new boiler etc.
I havn't issued divorce proceedings as yet, I've put myself into as much debt as I can handle over the last year and I am reluctant to engage a solicitor at this point,