OH and wife sold property last year
Split proceeds 50/50.
They separated for five months but reunited for the past nine months.
OH bought a new property during time of separation with mortgage solely in his name.
Wife and OH live presently together in this property.
Wife renovates it whilst he works and earns a living.
Wife has savings account which she lives off interest from it.
OH pays all rates, utility bills and mortgage.
Recently OH mortgage manager informed the wife she must deposit all her savings into OHs offset mortgage account to reduce interest rates of mortgage. He informed her that the money will go into OH name solely but she will be able to see it.
Manager seems to be under the impression that the money is not hers and that it is OHs money.
Possibly.OH informed him.of this when he took out mortgage.
Please advise.
Split proceeds 50/50.
They separated for five months but reunited for the past nine months.
OH bought a new property during time of separation with mortgage solely in his name.
Wife and OH live presently together in this property.
Wife renovates it whilst he works and earns a living.
Wife has savings account which she lives off interest from it.
OH pays all rates, utility bills and mortgage.
Recently OH mortgage manager informed the wife she must deposit all her savings into OHs offset mortgage account to reduce interest rates of mortgage. He informed her that the money will go into OH name solely but she will be able to see it.
Manager seems to be under the impression that the money is not hers and that it is OHs money.
Possibly.OH informed him.of this when he took out mortgage.
Please advise.