Selling house after divorce

[Nickyboy]

A friend of mine is in the process of selling their home after splitting with her husband

She's confused as to the share of proceeds after the sale.

He put in a £25k deposit and obviously wants it back, she is thinking they split the equity 50/50 then gives him the £25k out of her share.

Am i right in thinking the £25k is paid back from the sale then whatever equity is left over is then split 50/50?!?

TIA

[Nickyboy]

That's what i thought

There's no kids, he put in the deposit and everything else was paid jointly

[Nickyboy]

Burwood said:

Unless it's agreed I wouldn't accept that. The deposit is a portion of equity. If purchase price 250k, he owns 10% plus half the balance 55/45.

Really?

I figured the person who puts in the deposit would automatically take that out first then split the rest. It's not something i've had to deal with so unsure.
He's said he just wants his deposit and isn't bothered about the rest but i've told her to be careful. They're not divorcing just yet, as there is no mitigating factors i think they're giving it the 2 years required before doing the legal bit.

[Nickyboy]

I believe they paid £135k and they've just accepted an offer of £220k

As far as i know nothing was drawn up regarding proceeds etc if it was to be sold. I've told her to go and see one of these law firms that offer free advice for a set time just for peace of mind

[Nickyboy]

Burwood said:

Your not the new bloke are you Nicky

Ha, i'm afraid not.

Apparently i'm a good person to come to for advice

Maybe not so much in this case

He's off travelling for the next year or so, i just said to make sure he gets what he's asked for to save any hassle further down the line

[Nickyboy]

Thanks for all the info

No solicitors or anything yet, they've split amicably, just grew apart.

She was worried he'd have half plus his deposit. I think she's off to get proper advice next week.