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Thanks for your question. My name is ***** ***** I can help with this.
Can you tell me whether the card debt is shared please?
Also, did you reach a specific agreement in relation to the £20,000 debt payment?
I was thinking in the sense that, you might have agreed something would happen if you were to break up?
Oh I see, so you agreed that the £20k was effectively your contribution to the house purchase. Okay.
Is the house also in your name?
Okay - you need to check as you will also be on the mortgage if on the land registry, so one of your sentences there isn't right.
The point being this: if you're on the land registry, you will have agreed to be either a joint tenant or a tenant in common.
If you agreed to be a joint tenant, then you would own 50:50 of the equity irrespective of what you put in/how you put it in.
If you're tenants in common, then you might still be 50:50, but there is a greater prospect of the law recognising unequal contributions to the purchase price and giving credit for significant improvements.
So that would mean you'd get a share of the property sale proceeds.
I expect either way, you would get something out of the property sale because you agreed you were buying it together in effect.
Where you have no clear agreement (e.g. in writing) it's always tricky to work out exactly what you might get and most disputes are resolved by agreement. However, a court would look to how you hold the property (and you should check with the solicitor that sorted this for you) and whether you've agreed anything since.
You've signed a declaration of trust, so you need to get a copy of that. This is done to set out your position in case you break up - so it looks like you might have something in writing already.
Get this from your solicitor the land registry.
It should help give you the answer that you need.
And yes, the money for house improvements may be recognised as increasing your share of the house - it depends what this declaration of trust says.
It can be yes, but if we can give more information info later to help you, we will. On that note, can I just check that you're happy with the service given today please?