Hello, experts.
A friend got separated and had about 50k in the property pool. The finance settlement is going on.
Assuming that the divorce is granted in the due course, there can be two scenarios:
1. The finance matter is settled.
2. The finance matter is still going on.
Considering the case that my friend gets over 90% finance from the bank to buy his home, what can be the potential problems raised by his ex.
Case 1: The finance agreement is made. I guess there should be nothing stopping my friend to buy a property as soon as the matter is settled.
Case 2: As the property would be financed from the bank and the remaining 10% would be from the savings made after the separation, can there still be problems for my friend? Can his ex claim any share in the property?
Thank you for advice.
A friend got separated and had about 50k in the property pool. The finance settlement is going on.
Assuming that the divorce is granted in the due course, there can be two scenarios:
1. The finance matter is settled.
2. The finance matter is still going on.
Considering the case that my friend gets over 90% finance from the bank to buy his home, what can be the potential problems raised by his ex.
Case 1: The finance agreement is made. I guess there should be nothing stopping my friend to buy a property as soon as the matter is settled.
Case 2: As the property would be financed from the bank and the remaining 10% would be from the savings made after the separation, can there still be problems for my friend? Can his ex claim any share in the property?
Thank you for advice.