Dispute in a family home

[Clinical]

Hi All

I am new here, so hoping for some advice.

I live in a house with my parents that I put 20k into when we brought it. I have asked for this money back and have been refused saying they don't have it. There is more to the story which I can tell you about if you can point me in the right direction please?

Many thanks

[Celestine]

Do you legally co-own the property with them?
What agreement did you have about putting the money into the house?
Are you planning on leaving the house?

[Clinical]

Do you legally co-own the property with them?
What agreement did you have about putting the money into the house?
Are you planning on leaving the house?

Hi

I am on the deeds and mortgage paperwork but was told recently this was only for legal reasons. I don't own it. No agreement was put in place as it was discussed the when the time comes to leave they would sort something out. I wish to leave and get my own house and mortgage but need the money back out for a deposit.

[ostell]

For legal reasons = you own part of the property. How many others are on the paperwork?

[Celestine]

Erm yes, you do indeed 'own' part of this property and your parents are somewhat misrepresenting the situation.
What is the value of the house overall?
Sometimes in situations like these the only way out is sale of property or a remortgage by your parents to pay you off.
But the important thing is that you have the legal grounds to initiate such a process.

[Clinical]

For legal reasons = you own part of the property. How many others are on the paperwork?

There are 4 people on the paperwork, my parents, me and my brother

[Clinical]

Erm yes, you do indeed 'own' part of this property and your parents are somewhat misrepresenting the situation.
What is the value of the house overall?
Sometimes in situations like these the only way out is sale of property or a remortgage by your parents to pay you off.
But the important thing is that you have the legal grounds to initiate such a process.

I have requested a re-mortgage but given my parents are 65 its not possible. Both are still working thou. Other than going through a solicitor, which will cost a lot of money, is there any other way?

[Celestine]

Is the situation with your parents amicable?
The only way to force a sale is to take your parents to court for the debt owed and ask the court to order the property to be sold to release your money. You can do this yourself without a solicitor but it would not be without risk.