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Can you clarify what the property you own with you partner is worth?
OK. My view is that whilst technically there is a claim, the value of his share of the asset (your property) is only equal to roughly the amount of deposit that he contributed. By this I mean that it has not increased in value. So he is not in a better position financially as a result of having invested in the property with you.
Where did his share (£32.5k) come from - was this from the proceeds of the sale of the former matrimonial property?
The point is that your shares are equal, and his share is worth about what he put in. There is no claim to make on your share.
The solicitor will be wanting to see whether there is a significant asset to make a claim on. The asset is not that significant though as it has not increased in value.
The starting point being that the asset should be excluded - purchased so long post divorce.
If there was a huge sum of equity, I think it could have been a different case.
He has a solicitor dealing with this though - and they have all of the information to advise him on the potential outcomes here.
Can I clarify anything further at this stage?
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