Hi Claire, I'm not sure what the property was worth in 2008, but the equity in the property was £11,128, my share was half of that obviously. We have had the property valued recently and the top market value offered by the estate agent was £129,995, this has been disputed by the trustee and he is seeking an independant valuation. The valuation was from a very reputable estate agent and I think this will be varified. The current outstanding mortgage is £97,500 approx, and thererfore the equity in the property is £26,000 as there is a charge of £7,000 on the property.
I hope this information is of help.
Around 2006 I think
Hi Claire, if we are equal partners and I paid the mortgage why can I argue for say only a third of the equity built up since the equity was brought by my wife. It was never explained to me that I was giving up the property, only the 50% share of the equity declared on that date. I never signed any paperwork relinquishing the property to my wife and besides that, any additionally equity as of that date, and under spouse agreement should be shared equally between spouses, surely ???????