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Hello all, Newbie seeking advice.
Long story short i was divorced during covid (3 years ago) but the settling financials could not be completed during that time due to covid.
My ex husband moved out and i have been paying the mortgage solely since then. As it was not amicable and we have two children he also refused to support them so CSA were involved.
He sees his kids as and when he wants i've never stopped that. The mortgage is a joint mortgage which i manage to pay. My ex husband has recently started mocking me that i am paying the whole mortgage and filling his pockets as he will get 50% of the house equity upon sale of the house.
Outstanding mortgage is circa £51k.
House is approximately valued at £195000.
My parents gifted us £20000 for the deposit on condition if we sold the house at any time the first £20000 of equity would go back to them.
Here is where the problem lies.
My ex husband is basically telling me he is entitled to 50% of the equity after removing the remaining mortgage from the total house value, Even if he waits until the end of 12 years which is the term of the mortgage left, or the kids reach 18 and he forces me to sell it, is he correct ?
If things stay as they are now i will have solely paid for the mortgage for 15 years without contribution from him. I am wanting him to complete a transfer of equity alongside an offer to buy him out of the house but his figures as way out of bed or at least i think so.
Does anybody know if 50% is standard based on above or is it worth me getting a solicitor involved to safeguard my house and my childrens security. Also i might add im paying the insurance we had when married which in the event of death of either person meant the house is paid for and the surviving partner receives the house. He stopped paying that also.
Long story short i was divorced during covid (3 years ago) but the settling financials could not be completed during that time due to covid.
My ex husband moved out and i have been paying the mortgage solely since then. As it was not amicable and we have two children he also refused to support them so CSA were involved.
He sees his kids as and when he wants i've never stopped that. The mortgage is a joint mortgage which i manage to pay. My ex husband has recently started mocking me that i am paying the whole mortgage and filling his pockets as he will get 50% of the house equity upon sale of the house.
Outstanding mortgage is circa £51k.
House is approximately valued at £195000.
My parents gifted us £20000 for the deposit on condition if we sold the house at any time the first £20000 of equity would go back to them.
Here is where the problem lies.
My ex husband is basically telling me he is entitled to 50% of the equity after removing the remaining mortgage from the total house value, Even if he waits until the end of 12 years which is the term of the mortgage left, or the kids reach 18 and he forces me to sell it, is he correct ?
If things stay as they are now i will have solely paid for the mortgage for 15 years without contribution from him. I am wanting him to complete a transfer of equity alongside an offer to buy him out of the house but his figures as way out of bed or at least i think so.
Does anybody know if 50% is standard based on above or is it worth me getting a solicitor involved to safeguard my house and my childrens security. Also i might add im paying the insurance we had when married which in the event of death of either person meant the house is paid for and the surviving partner receives the house. He stopped paying that also.
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