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Thomas
Thomas, Solicitor
Category: UK Family Law
Satisfied Customers: 7505
Experience:  BA (Hons), PgDip, Practising Solicitor
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Hi Can you advise me on a legal matter- my husband wishes

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Hi

Can you advise me on a legal matter- my husband wishes to sell our property and purchase one on his own and suggested that I purchase my own property- Legally where do we stand? We recently had a few arguments and he won't consider purchasing house for the next 5 years?
Hi

Thanks for your patience.

How long have you been married to your husband for please?

Tom
Customer: replied 4 years ago.
Hi Tom, I have been married for 6 years and together for 7 years. We also have a two year old son together.

Thank you.

Lynne
Hi

Thanks for your patience.

If you each purchase a property in your sole name then it would mean that you would be the sole registered propretors of each property. This means that you can each do with them as you wish, including selling and remortgaging.

If it’s the case that you may divorce then you could complicate the financial settlement for eachother by mortgaging them, which may make achieving a fair financial settlement a bit more complicated.

I would suggest that if divorce is a possibility that it would not be prudent to do this. Having only one property involved often compels parties to reach settlement quicker than they would otherwise do if they had their own properties where it’s easier to “shove the issue under the carpet”.

Having one property usually makes it easier to achieve a clean break in financial proceedings.

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Kind regards,


Tom
Thomas and 3 other UK Family Law Specialists are ready to help you
Customer: replied 4 years ago.
Thank you Tom for the advice. Legally it's not a good idea. We are not currently divorcing but the situation does make it uneasy for me.
If I did proceed, can you confirm that I should have a legal document in place in event that this does not bode well in the future.

Lynne

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