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JGM
JGM, Solicitor
Category: Scots Law
Satisfied Customers: 11544
Experience:  30 years as a practising solicitor.
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Hi - I jointly own a property with my ex-partner, who has just

Resolved Question:

Hi - I jointly own a property with my ex-partner, who has just moved out. We have owned it for just over 5 years. There is a mortgage of £40K and equity of around £130K. When we bought the property, my partner put down a larger proportion of the deposit, which I have been gradually paying back to her over the last five years, but there is no official record of this. When the house is sold, what will be the financial breakdown in relation to who gets what?
Submitted: 3 years ago.
Category: Scots Law
Expert:  Nicola-mod replied 3 years ago.
Hello,

I've been working hard to find a Professional to assist you with your question, but sometimes finding the right Professional can take a little longer than expected.

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Nicola
Expert:  Nicola-mod replied 3 years ago.
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Nicola
Customer: replied 3 years ago.

Hi Nicloa - yes, please continue your search.


 


Thank you

Expert:  Nicola-mod replied 3 years ago.
Hello,

We will continue to look for a Professional to assist you.

Thank you for your patience,
Nicola
Expert:  JGM replied 3 years ago.
Thank you for your question.

Sorry for the delay. Your question has now been passed to me. I am a solicitor in Scotland.

As you have paid your share of the deposit to your former partner, the proceeds of sale should be divided equally after payment of the mortgage.

If she denies that you have paid her this money then there will be a problem as the money would have to be consigned with the lawyer until an agreement is reached.

I suggest that you try to reach a written agreement with her before the house is marketed for sale.

Happy to discuss further.

I hope this helps. Please leave a positive response so that I am credited for my time.
JGM, Solicitor
Category: Scots Law
Satisfied Customers: 11544
Experience: 30 years as a practising solicitor.
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