Former steel boss locked in legal battle with ex-wife over £2m home
Former high flying steel company boss is locked in bitter legal battle with his ex-wife after she ‘duped him into handing over rights to £2million country home Toad Hall’
- Martin Lonergan says ex-wife Rachel Milton duped him into handing over home
- The former steel trader is suing Miss Milton, 48, at the High Court in London
- He was earning more than £2million a year as director at major steel company
- However he lost his job after company went into voluntary liquidation in 2012
A divorced millionaire couple are locked in a bitter legal battle over their former country home worth £2million.
Martin Lonergan said his ex-wife Rachel Milton duped him into handing over the rights to their former marital home in Sacombe Green, Hertfordshire, named Toad Hall.
The former steel trader is suing Miss Milton, 48, in the High Court in order to try to reclaim the four bedroom property.
Martin Lonergan said his ex-wife Rachel Milton duped him into handing over the rights to their former marital home
Mr Lonergan, who was earning more than £2million a year as a high-flying company director, said he lost a fortune due to ‘deceit or fraudulent misrepresentation’, which brought an end to their marriage.
After Miss Milton divorced Mr Lonergan against his wishes, she ran up huge debts totalling at least £30,000 under his name, his legal team claimed.
The 56-year-old now wants to get back Toad Hall along with the tens of thousands of pounds which he said she owes him.
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They moved into Toad Hall (pictured) in 2010 when they were a couple, which he bought outright for £1.3million
He is trying to get an injunction to stop her selling the house, as well as damages for her ‘lies, deliberate concealments and evasion’.
Mr Lonergan’s claim reads: ‘Ultimately, he wanted to return to the UK and to live in Toad Hall and he hoped that they might then get back together.
‘He wanted to come home and make the relationship work and he begged her not to go ahead with the divorce.
‘But still the defendant insisted that she wanted a divorce and to feel free.’
The luxury property is now unoccupied after Mor Lonergan moved to Palm Jumeirah, Dubai.
Rachel Milton was the owner or part-owned building sites, ran a fruit businesses, as well possessing horses and carriages and a substantial amount of jewellery
He met his wife 11 years ago, when he was earning an annual salary of £2.4million as chief executive of Total Global Steel (TGS).
According to Mr Lonergan’s lawyers, Miss Milton owner or part-owned building sites, ran a fruit businesses, as well possessing horses and carriages and a substantial amount of jewellery.
His legal team also alleged she is blacklisted from having bank or credit card account, so Mr Lonergan gave her a Titanium Amex card where she racked up huge bills.
Miss Milton was allegedly lent £30,000 to send her daughters to private school for four years.
They moved into Toad Hall in 2010 when they were a couple, which he bought outright for £1.3million.
The former steel trader (pictured) is suing Miss Milton, 48, in the High Court in order to try to reclaim the four bedroom property
The house was put under Miss Milton’s name due to a complex tax arrangement, which involved Mr Lonergan buyinganother property from her uncle, racecourse owner John Holmes, his legal team claimed.
They added that the plan was for the house to be transferred back to him.
But their financial empire came crashing down around them after TGS went into voluntary liquidation in 2012, and Mr Lonergan was banned from being company director.
Mr Lonergan then spent years trying to convince Miss Milton to hand back Toad Hall and repay the burgeoning debts she had accumulated during their marriage, his legal team said.
Now living in Dubai, he describes himself as a ‘Writer’, ‘listener’ and ‘thinker’ online.
Miss Milton has not filed a defence against the claim and was unavailable for comment yesterday.
Her solicitor for the divorce settlement, Michael Sawali, said he no longer acted for her.
Mr Lonergan declined to comment.
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