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Thursday 26 April 2007

Landmark ruling spells trouble for unmarried co-habitants

A landmark ruling has declared that millions of unmarried couples who buy a house together will be denied the same rights given to married couples if they split up.

The ruling, made yesterday, has confirmed that there is no such thing as 'common law' marriages.

Married couples who split up will normally have a right to half of the property's value when they divorce.

However, unmarried people will have to split the value of their homes depending on how much each of them paid towards it.

The ruling was made after an unmarried couple went to court fighting over their £750,000 house.

Barry Stack wanted half of the money from the sale, but his partner was awarded 65% of the share as she had paid more towards the mortgage.

Unmarried co-habitants are being advised to draw up a contract when buying a house together.

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