Ask a Law Question, Get an Answer ASAP!
Hello Claire. We are now divorced and have been for two years. No financial order.
Both house and flat are in her name.
8 years. All assets belonged to me as she was just coming out of bankcrupcy the first time.
I once owned a small golf club with house on site, my wife decided to hate in from shortly after we were married. Purchased a second house in Norwich, 30 miles away so that she could be near her friends and family. To do this i increased the mortgage on the golf club. That became impossible to pay as business was poor so we were advised to put the house in Norwich in her name only to protect in case the club failed. Fortunately I managed to sell up before real problems but didnt change the name on the mortgage to both.
The flat was purchased on an buy to let mortgage with a view to holiday letting, its now a very hefty interest only in her name and i still pay into her account every month. Flat in negative equity and mortgage gone from £260 p.month in july last year to £610 now.