I attended a Final Hearing yesterday and as I suffer from Complex Post Traumatic Stress I think I agreed to 50/50 split of marital home on sale.
If I could raise enough to buy my half would this be allowed or do I have to comply exactly with the Court Order. The Court order was not signed by the Judge as there were other problems with it so the case was adjourned but he has allowed for 14 days for Counsel to make an agreement in writing, so I don''t think we have got to return. It would be a lot less hassle if I bought out my half share.
I would not be able to afford to live there and would return to my parents and live on benefits
as I would no longer have any savings.
Sorry did that on my phone and couldn''t see too well!
The house is £200k and I was awarded half.
I retained savings 50k and I was awarded maintenance taken in a lump sum of £40k
so I can very nearly buy him out. If I stay here it eats into my 40k and then I would not be able to buy a property. If I buy him out I would be able to go on
benefits as I cannot work and then when I can sell the property, purchase one for about 175k which means after estate agents etc still have some of my maintenance left and come off
Im not sure what
benefits you mean but getting benefits even with medical reports is extremely difficullt - Its not guaranteed and takes a very long time to receive them if you were awarded them I wouldn''t rely on the fact you could get
. Even if you did it wouldn''t be very much and certainly wouldn''t pay all your c.tax, bills, food etc...
I''m not sure why you would want to buy him out if you can''t afford to live there . Has the house been sold ? Are you guaranteed to get £100k from the house? If so why not take the £100k + £50k savings and £40k maintenance and buy something you can afford or rent? I''m maybe missing something but you said you would buy your stbx out then sell the house and buy something for £175k ? Why not just buy something for £175k if you''ve £190k in cash? Or maybe I''ve just mis-read your post?
I would definitely look in to being able to claim benefits and what benefits you could claim as they''re not guaranteed and if you''ve over £16k in savings you''ll be limited to what benefits you can get.