Are you entitled to a share of the proceeds from the sale of your home if your name is not on the deeds?
You could be entitled to a share of the proceeds of the sale of a property even if your name is not on the title deeds to the home.
This is especially important for those people who may have been in a relationship with someone who owns a property and been living and contributing to the upkeep of that property until that relationship broke down.
If you have made a significant financial contribution toward the property you could be entitled to a share of the sale proceeds. Your contribution could be:
- Paying for or, partly funding, a deposit.
- Making payments towards a mortgage, irrespective of whether you actually took out the mortgage.
- Spending money on the property to improve it, such as financing a new extension, conservatory, kitchen or bathroom.
- Working on the property to improve it.
Even if your name is on the title to a property, there can be potential for a dispute over the respective shares in any sale proceeds.
In all cases, it is important to take legal advice at an early stage. We will be in a position to provide you with an opinion regarding the merit of bringing or defending a claim and the likelihood of a Court Order being made requiring the property to be sold or enabling one party’s share to be purchased by another.
We can also negotiate on your behalf in a bid to settle a dispute. Ultimately, if Court proceedings start we can represent you at all stages up to and including a trial.
If you have any concerns relating to property ownership, please contact one of the members of Churchers’ Dispute Resolution Team listed below.