Hi, i wonder if anyone out there could offer me some advice as my solicitor is confusing me.
I bought a property in July 03, with a deposit of £10K of my own savings, and £30k from a loan from my father.
I took a mortgage for £35K.
2 months later i started dating my ex.
In July 04 my grandfather gave me a gift of £10k to help me reduce my mortgage.
During this period i paid off nearly £6K of the mortgage each month and added special contributions.
In Sept 04 my ex moved in with her child to my property.
She contributed nothing to the household bills. She was never named on the mortgage.
In Feb 06 we married and were seperated 4 months later, July 06.
At the time i gave her £1500 to help her move home, and all of the furniture.
The property was sold and i made £64K of which i can prove that £56K was prior to my ex moving in.
Our
Decree Nisi came through in Dec 07. Her child has not been named as a child of the family.
My solicitor has always gone down the line that only equity made during the co-habition and marriage will be taken into account.
This means there is only £7k left in equity.
I made a offer of £2,500 which with the other things totals £5k to my ex.
My solicitor is now advising that i should offer at least £5k if not £12K as the district judge will take the whole sum into account not just the equity. her wording was as follows:
"... rather than risking some division of a District Judge, who may decide to give her a third of the sale proceeds.
At the end of the day, the Court can make whatever Order a District Judge deems as fair. Their decision regarding distribution is not going to be limited to the £7k, it will be based on the entire net proceeds of sale."
Please can some one advise me if this is correct. As the marriage and co-habition was so small (20 months) and with no contirbution from her, can they really give her £20k.
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