Ask a Law Question, Get an Answer ASAP!
Did you not get my email stating my question
My query was, my sister and i purchased a property valued at £92000 she put £46000 down and i mortgaged the rest, now my sister wants out of the investment and she wants her deposit back plus half of what the property is worth which is now £110,000 i applied for further borrowing and can only get £38000 which she will not except the thing is she does not have her name on the mortgage or any other documentation, the only evidence she has is by me emailing her about this issue.
The question is can my sister take me to court and if she does what are the chancers of her winning her case on what i have told you.
Ps... Would i be right in saying, this will only cost £33
Why? The question is can she take me to court and possibly win
There is £45000 outstanding and i can only raise £38000 she put in £46000 but has already profitted £16000 so she is still up on her investment
I also have a letter from her stating the investment is for 10 years and she has opted out in 4
That if the house was sold we would both get a 50/50 share but as you know its not getting sold so she has gone back on the original 10 year agreement
Thank you for your help but would you kindly answer me one more question, what would be the percentages?
Sorry... me winning the case if it went to court?