Offspring and partner bought a house. They are now parting. We 'lent' them the deposit. We had to sign a document for the mortgage company confirming it was a gift.
When the house sale is finalised there will be some equity.
If the deposit is taken out of the equation they each have a few thousand each.
Legally they can keep the deposit because we signed the document.
We feel it was given/lent to them with good heart as a deposit for a home. The home will no longer exist.
It was hoped that it might some day be repaid but didn't have much hope and that would have been that. Now that the house is no more and they will each be renting a property or going back to live with parents, is it morally right that the deposit should be returned to us. And is it morally right that the partner of our offspring should be walking away with half the deposit plus the other few thousand£ equity.
Our offspring is quite happy to return the deposit but the partner says they need it to start a new life.
When the house was bought two years ago they had no cash, hence we did the deposit.
Two years later partner would have several thousand. But wants also half the deposit.
What is morally right. I would value your insights.
I know legally it's theirs. But under the circumstances what about morally.
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