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Jeremy Aldermartin
Jeremy Aldermartin, Solicitor
Category: Law
Satisfied Customers: 1468
Experience:  Dual qualified Solicitor and Attorney
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We have been married 14 years and lived apart for 2.5 years.

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Hi
We have been married 14 years and lived apart for 2.5 years. we have 2 children who are 13 and 10. We are getting a transfer of equity to put the house in my name and require a consent order to avoid stamp duty but also to show the financial split legally. So my husband and I agreed to 50/50 split but this means I would need to find £85,000 to make it equal. I do not have the cash so we are looking into giving him a share of the house
Hi thank you for your message, your best option might be a deed of trust which is a legally binding document that sets out you both own a 50/50 share in the property. It could state if the house is sold the proceeds are split 50/50 and because you are not buying him out now you would not need the money. It would also only cost a couple of hundreds pounds for a lawyer to draw up. I hope this helps, if you can please accept my answer and rate me 5 stars (in the top right of your screen) then Just Answer will credit me for helping you today.
Customer: replied 1 month ago.
I am only giving him £85k so in total he will receive 50% of everything as we have cash saved so it is not 50% of the property. the property is worth approximately £760k
Customer: replied 1 month ago.
He suggested adding interest as he will not be able to get his £85k back until I sell the house
Hi thank you for your message, a better option would be to give him a slightly larger share say £100k, to account for the delay. I hope this helps, if you can please accept my answer and rate me 5 stars (in the top right of your screen) then Just Answer will credit me for helping you today.
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