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My partner lived with me for four years. After two years I made a misjudgement and added her to the house. I supported her for the entire time she lived with me and she made no payments to the house apart from money towards an extension we had done. She is now 'entitled' to halve the profit on the property. Is that correct?
Happy to wait.
The house is worth £620,000 and there is £235,000 outstanding on the mortgage. My partner came down to live here from Scotland. She sold her house down here and had £110,000. She invested £30,000 of that in some building work on the house but kept the rest. Please see our relevant figures over the period attached.
There was no agreement and I did it to provide her with security so that I couldn't just ask her to leave at anytime. Also I was told that if I didn't do it she would return to Scotland. There are no children involved. We are joint tenants.
She now wants £100,000, which seems a high return on an investment made two years ago. I originally offered her £50,000. I am continually threatened with court and having to hand over half the profit on the house if I don't do exactly as she wants, no negotiation. I want her to be ok but now feel like fighting the case. Just want to know if there is any point.
Had a valuation earlier this year which was for £625,000.
Next door which doesn't have the extension was £615,000. It's exactly the same hous although mine is in much better order throughout.
Thanks Clare. I would love to discuss with Shona but she just tells me to go through her solicitor who seem to think she should really go for the 50%. Trying to be reasonable but just get threatened with court all the time. Thank you for your advice.