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Yes as Joint owners you can make an application to the court using the Trusts of Land and Appointment of Trustees Act to force a sale - and claim the costs from the reluctant co-owner
The process is set out here
I hope that this is of assistance - please ask if you need further details
The assumption will be equal shares unless there is evidence that there was an alternative agreement. The simple fact that you contributed in different proportions will not be sufficient given this was an investment as it would be assumed that if this was a business transaction then any terms would have been specified.
The fourth party can apply to be joined to the action if they wish to establish their interest