Hi, I've reached Decree Nisi stage and am now part way through mediation about to make financial disclosure.
My soon to be ex-husband is repeatedly asking for the home rights notice to be taken off as it's stopping him re-remortgaging (the point) when I thought he was only changing rate- which wouldn't have been affected.
He hasn't made full disclosure as yet- I've asked for 2 years + and I'm keen to reach a settlement but am now under pressure, Solicitors advice is keep it on, I have little idea now what is owed on the house or whether I'm due anything.
Can I forgoe a share of the house and be compensated in a better pension share (he is a senior police officer) as I am still renting.
I'm going to call his mortgage company myself but they won't be able to tell me much I imagine, I'm not sure he's looked at any alternatives, there must be some, ? If only short term, mortgage companies must have dealt with this before?
He's always got his way before, I've stood firm and said a financial settlement comes first, the notice stays but it's getting harder- help !
The house equity forms part of the pot to be split. How the pot is split is down to agreement.
If you would prefer to forgo house equity for more pension it can be done.
His mortgage company won't be able to tell you anything.
Why break now? Tell him when he has made full disclosure and a Consent Order is agreed the home rights notice will be removed as part of the consent order. In the meantime he can continue paying a higher interest rate and you know he won't be able to diminish the equity by increasing the mortgage.
I think I forgot to say thankyou, I'm sticking with it, I'm still under pressure, but the home rights notice stays on until the settlement is agreed,
Thanks again! hopefully will soon be at the finish line.