On her advice I used some of her money to pay off the mortgage, but I’m not sure I did the right thingQ About five years ago my partner moved into my house with me. I had an outstanding mortgage of just under £40,000. My partner wanted to own a 50% share of the property so we had the house valued and used the middle of the three valuations which was £240,000, so she gave me a cash amount of £120,000. I decided to pay off the outstanding mortgage using money from her £120,000 cash. I am now concerned that my partner should have contributed to paying off the existing mortgage as if I had decided to keep the mortgage she would have had to contribute to the monthly mortgage figure. It was my partner’s suggestion to pay off the mortgage using money from the £120,000 she had given me. Continue reading…
Source : theguardian.com
Read more…Has my partner misled me in taking a 50% share of my house?
