Welcome to Just Answer
I am a Solicitor and will assist you.
Please may I ask:
- how long were you together before you got married?
- do you have any children?
- what is the value of the house? what is the outstanding mortgage?
- are there any other assets?
Thank you for your response.
What you need to know is that – should you divorce then either of you are entitled to make a claim in respect of the matrimonial finances. This includes your property.
You marriage is only a short one which normally means that any such claim in respect of the matrimonial finances is usually limited – but you do have children together and the court will want to prioritise the housing needs of your children.
You will not lose your flat but your wife will be entitled to a share of it and this share will reflect the housing needs for your children.
Let me know if I can help you further
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It depends whether divorce is contemplated or not.
If the house was sold and the money spent over time - then the court cant seek money that isn't there.
If you put the money in another asset - it would still be included.
If the court thought you was purposefully selling the house to get rid of the asset then they wouldn't look on this favourably - as they would think you have done this to defeats your wifes claim.
It will be a consideration of the court. Especially if your 7 year old stops over at your house aswell - as his housing needs will also need to be met.