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Topic:
buy to let property- Can my wife claim the asset?? (2 Posts)
Started By:
Date:
02 October, 2017 12:47PM
buy to let property- Can my wife claim the asset??
tonyuk - 02 October, 2017 12:47PM
Hi everyone,

I have quick question to ask you, I am thinking about filling divorce.

I have 1 house which is in joint name with me and my wife.

And I have 1 house in my sole name which is buy to let on mortgage. I paid £40k deposit which my father gave me.

So,I have 2 questions :

1) " Can my wife claim on my buy to let property, as it has 40k equity., can she claim that?"

2) And I understand She can claim on our own house where we living, she can have half money after clearing mortgage, Is that right?

Thanks
Re: buy to let property- Can my wife claim the asset??
davidterry - 02 October, 2017 01:41PM
The buy to let property is an asset of the marriage like any other. It doesn't get ring fenced just because it is in your sole name or because your father provided the deposit. That is not to say that your wife is entitled to half but it is an asset which has to be taken into account, yes.
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