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Thats for your detailed reply. I will try to answer your questions. I think my income needs would be around £2300 a month. It is hard to guess... I think with my income, even without my rent income, with child benefit and tax credits plus maintentance i would have enough to live on. Yes, Around £2300 without rental income and with £400 maintenance from him.
My husband earns around £70k without the rental income i think. He puts around £700 per month in his pension and pays around £500 for kids other kids. I dont know what that leaves him with each month after tax.
I am looking at other peoples settlements and it seems some people do not sell the fmh until the youngest child reaches 18 or so. I wonder if that is an option. Is that a Mesher order?
If that is agreed, how is the percentage split, is it an agreed amount at the time on the split, or a percentage on the value at time of split or either when the time comes to sell?
And if both are still on the mortgage for years, who pays it? And what about redecoration and repairs etc?
I dont think he would do that, as he would get a higher amount of money from the sale of the fmh which would increase in value (hopefully) .