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I am agetting a little frustrated that nobodu has come back to me and I have paid my £40. Please advise
I am afraid that this is not an instantservice so sometimes you will get a response in minutes and sometimes it willbe hours, or even overnight. We all have clients and court and other users andtravelling and weekends and evenings and misc interruptions etc. in addition,we are lawyers, not typists and some of us can't type that fast!
I still need to know is the property in jointnames, or just one name?
Can you please ask specific questions and Iwill give specific answers?
OK now i understand but i was told i would have an anwer within an hour.
The proiperty is in his name only.
if the site had the way they would offer answers in nano seconds!
Sometimes it is impossible.
What exactly do you want me to answer for you?
Q1 where do i stand in terms of the informatioin i have been given that i have a right to a percentage oif the value of the work i put in when the property is sold?
Q2 where do i stand in terms of him asking me to leave.
April I am mo0re concerned re Q1.
You are only under a duty to provide a home for your sonuntil he is 18. So, in view of the short timescale, it is probably not worthworrying about.
The house is in his name, and you can ask you to go atany time, as currently, you are a guest in the house.He would have to wait till April when yr son is 18
You are entitled to be reimbursed for any money you putinto the property. What you get out would depend on what value has been addedto the property. If he does not volunteer the money however, you are faced withan application to court.
Can I answer any specific questions?
I have been advisewd that as i contributed to the refurbishment of the property I am entitled to a % of any added value this has been cenveyed to me by a Solicitor all I want is clarificatiopn of this fact. I have onoly put about 7K into the property but have in=creased its value by design and advise by about 100k.
£100,000 increase in value is a terrific amount ofincrease if you have only put in 7000. How can you justify this?
i Am not asking for this we bouught the house for 730k it has been valued at 875k i am not asdking for allof this i am asking if as i have been told i am entitled toa small percentage of this as it was my vision and hard work that turned the house around. I managed the whole project sourced builders and workmen and managed the whole project
how much of the increase in value is attributable to yourhard cash and how much to your vision? I think your vision is probably worthvery little because it is virtually impossible to quantify how much of theincrease is the market and how much is the vision, although the hard cash iseasy to quantify.
I think you would struggle to prove to court that over£100,000 increase in value could be attributed to £7000 in hard cash and acreative eye.
I am not asking for that amount i nothing like. I just want to know as i have been told that i could ask for a proportion of some of the sale and what are my rights in general as i have lived in the house for nearly tweo years now.?
You have no right to stay in the property (apart fromproviding a home until your child is 18).
You are entitled to get back what you were put into theproperty. The difficulty you have is quantifying that because it appears thatonly £7000 is quantifiable and attributable to you
what exactly is he offering?
I dont know yet i guess nothing. I will be homeless and jobless as he set up a business in which i have been working for nothing since June taken three salary payments of less than £600 whilst the business was being estyablished. The business is now starting to have wings.
I have suggested he buy a but to let property in the biusiness name and let me rent it from him.
I'm going to opt out of this question to see if anotherexpert has any ideas to help you. There is no need for you to do anything
Thankyou i would appreciate any help you can give me.