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Drummer

Out With Friends Last Night

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Had the pleasure of meeting a mate last night with his long term girlfriend. They are both late 20s and intend to get married and have kids together.

She has been born with a silver spoon and has around 50% LTV (£100kish paid off on a £200k house) due to generous BoMaD giveaways. He on the other hand has never bought a house and has little in way of savings.

Whilst she claims to love him and wants his babies, she is going to insist on a pre-nup to protect her house equity.

She trusts him, just not with her house!

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Had the pleasure of meeting a mate last night with his long term girlfriend. They are both late 20s and intend to get married and have kids together.

She has been born with a silver spoon and has around 50% LTV (£100kish paid off on a £200k house) due to generous BoMaD giveaways. He on the other hand has never bought a house and has little in way of savings.

Whilst she claims to love him and wants his babies, she is going to insist on a pre-nup to protect her house equity.

She trusts him, just not with her house!

Bloke I know bought a house with his girlfriend 3 years ago, he put in around 100k and she put in about 10k, so he made sure they had an agreement drawn up with a solicitor to protect his equity. Which is just as well, as they're on the verge of splitting up and sellling. I think it's entirely sensible tbh.

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As a resent house owner. I own my house my gf owns her house. We are now in discussion. Do we sell both and buy, do we carry on as is. One house is in good area other not, do we sell one and buy in slightly better house

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Where do pre-nuptial agreements apply, if not in England? And - where they do - do they automatically work both ways? So if she is protecting her house, does that mean his earnings are protecting if they divorce?

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Her best bet is to move the house ownership to BoMD, either directly or indirectly but in such a way as to ensure they have a call on the value of the house. In extremis, the only people who could challenge this would be the mortgage provider and (presumably) she would be happy to capitulate.

If not, why doesn't she/they just enter a formal loan contact with BoMD at 0% interest so that they can call back the silver spoon money on demand. That way, it becomes a joint debt on marriage.

Or else, just re-mortgage to take out some equity and put it in BoMD. House prices can only ever go up so it's entirely risk free.

Disclaimer - this financial advice comes from a non-legal, non-financial professional and is offered on the express condition that and is valued at exactly how much you paid for it, zero. Marriage advice is also from someone with only 35 years experience so is equally worthless.

.

.

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Silver Spoon? Only got a 200k house? Pathetic.

How else do people in their late 20s get a house worth £200k?

The typical late 20s cannot do it themselves on an average salary!

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Where do pre-nuptial agreements apply, if not in England? And - where they do - do they automatically work both ways? So if she is protecting her house, does that mean his earnings are protecting if they divorce?

I think it is a U.S. thing. Hence why everyone hears about them in the media and thinks they also apply here.

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You would be what is commonly called "wrong". Before the change in the law, pre-nuptial agreements were always invalid as a matter of public policy. Since the Radmacher case (referred to in the article which you posted) they are now enforceable as long as they comply with certain conditions.

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Prenups will be taken into account by a UK court. Both sides will have to have had separate, independent legal advice for it to carry any weight.

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fwir, the prenup should be made before the engagement/living together is made official. If not, the poorer one of the couple can argue that they were forced into signing.

I did hear of a guy that had his ex gf try to get some of his assets after they split. The guy played a blinder by having none of the bills in his name, paying his share of bills in cash and had none of his mail come to the address. There was no proof that he had ever lived with her.

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If not, the poorer one of the couple can argue that they were forced into signing.

Hence the requirement for independent legal advice.

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Hence the requirement for independent legal advice.

******** argument used by lawyers.

You don't need independent legal advice to get married, which is a financial contract. The lawyers just smelt the chance for more fees.

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