T
twinkletwinkle
Guest
In 2004 G and N purchased a house where they lived with their baby daughter Calista.The purchase price of the house was 400 000.The house was registered in their joint names.N paid 40 000 deposit and the remaining was financed by a mortgage with Barclays Bank,that both,G and N were jointly reponsible for.Since N was doing well in his job and he has been paying all the installments.He also paid for all the household expenses while G ran the house and looked after Calista and their newborn(2006) son,Chris.N has recently formed an affair with S whom he is now living with.He has written a letter to G indicating tt he wld like to sell the house,G however wld like to continue staying there with children.
Advise G.If the house were sold how would the proceeds of sale be divided?
would your advise differ if the house had been registered in the sole name of N.
any pointers would be greatly appreciated.
Advise G.If the house were sold how would the proceeds of sale be divided?
would your advise differ if the house had been registered in the sole name of N.
any pointers would be greatly appreciated.