Hi all,
I have recently personally invested 25k into the house jointly owned by myself and my wife on the understanding that it would be our family home.
Circumstances have changed and a separation is inevitable.
Will I be allowed any extra equity in the (now improved) value of the house as a result.
For example, can I get a valuation of the house before-and-after improvements and claim that I should be entitled to the higher equity value as I personally made the investment in good faith and it is now being ruined due to her actions (leaving with the baby, contributing nothing for a year since maternity, refusing to return to work since).
She now wants me out of the house but I am now the only earner since she refused to return to work after maternity leave. I cannot afford to pay mortgage and rent on another place plus bills for both and support for my baby.
If the house is sold, albeit in NE, would the additions I made stand in my favour and a 60:40 split be made (for example)?
I have recently personally invested 25k into the house jointly owned by myself and my wife on the understanding that it would be our family home.
Circumstances have changed and a separation is inevitable.
Will I be allowed any extra equity in the (now improved) value of the house as a result.
For example, can I get a valuation of the house before-and-after improvements and claim that I should be entitled to the higher equity value as I personally made the investment in good faith and it is now being ruined due to her actions (leaving with the baby, contributing nothing for a year since maternity, refusing to return to work since).
She now wants me out of the house but I am now the only earner since she refused to return to work after maternity leave. I cannot afford to pay mortgage and rent on another place plus bills for both and support for my baby.
If the house is sold, albeit in NE, would the additions I made stand in my favour and a 60:40 split be made (for example)?