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Equity in property

asked by Michael Robinson posted 2 Years ago at 12:12
Is the equity of a property always split 50/50 where its a joint mortgage even when one of the parties has not paid anything for a fairly long period of time? There is nothing in writing, which i know is a bit stupid... :(
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Mark Newbie answered 2 Years ago at 12:21
hey Mike, sadly I don't think it matters who has paid more to the mortgage on a property affecting any equitable arrangement/entitlement agreed on purchase. I don't think the law results in any fairness being a consideration. next time mate be more careful upfront/legally i suspect..
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