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We have been married/living together for over six years.
1. Marital Home value - £950k
2. Chapman's Cottage (On the market) - £595k
3. Church Walk - £275k
The business is worth £750k
His Pension - £150k
Two vehicles paid
He is 64 years and I am 48 years (with no pension, he always said that I did not need to worry about one, I see now I need to put something in place).
I have a son (his step-son) who is 16 at college lives with us.
I also have an illness that will restrict me from obtaining a mortgage.
All properties are mortgaged and there were borrowings against the Marital home and Chapman's, which I was not aware of until after the fact.
I hope this is sufficient.
Basically, I need to know if I can place a charge on a property that is for sale and what form is needed....
Previous e-mail detailed the worth of the business (£750k).
Outstanding: £450k + £469k+ £150k mortgages
Again, my first question was basically how to proceed with an application to place a charge on a property that is on the market.
The substantial part of capitol I brought to the relationship was I worked and saved his business in order for him to acquire the two other properties and not lose the other........when I began working for him, he had to voluntarily place his limited company in liquidation and barely bought back his clients to start again. I was a major and only participant in this process and help him achieve success in a matter of a year turnaround.
I started dating him before working for him in 2005. Properties were purchased in 2006 and we married in 2008. I am currently still working in the practice.
We lived together after we were married (September 2008) for three months at my residence until the marital home renovations were completed. From there, we moved in the marital home 23rd December 2008.
It was a relationship prior to a "commercial relationship. " which he needed my help in a business that was in jeopardy.....this matter resulted in a voluntary liquidation and from there I was the only self-employed colleague that helped salvage and turn the business around to a success until he start being professionally irresponsible for the past seven years.
His was on the brink of losing his business and possibly filing bankruptcy.
He has financially benefitted from the success. However, he has been reckless with the finances.......But he says "He wants to save the marriage", well I think he really wants to just save money.