Splitting with partner - who owns the house?
Discussion
I bought a house about 6 years ago in my name, I paid the mortgage and she lived under the same roof as me for about 4 years. She didn't pay any mortgage costs but did put some money towards the renovations. Being a generous person I also gave her some money per month to give up her long distance job.
Last year we decided to purchase a house together (joint names and joint mortgage) and put down a deposit of £104,000 from the sale of the previous house having overpaid the mortgage substantially. We made around £32,000 in profit from the renovations made since the original purchase price to sale price. Still I am paying the mortgage and she is not. We do not have children.
Now unfortunately we are looking at splitting up - she wants £52,000 - is this allowed? Am I screwed?
Last year we decided to purchase a house together (joint names and joint mortgage) and put down a deposit of £104,000 from the sale of the previous house having overpaid the mortgage substantially. We made around £32,000 in profit from the renovations made since the original purchase price to sale price. Still I am paying the mortgage and she is not. We do not have children.
Now unfortunately we are looking at splitting up - she wants £52,000 - is this allowed? Am I screwed?
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