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RE court outcome

  • Jane2014
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5 years 8 months ago #456105 by Jane2014
RE court outcome was created by Jane2014
Please could anyone help me.

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.

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  • MrsMathsisfun
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5 years 8 months ago #456115 by MrsMathsisfun
Replied by MrsMathsisfun on topic Re:RE court outcome
If you cant afford to live in property why not just sale?

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  • Jane2014
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5 years 8 months ago #456123 by Jane2014
Replied by Jane2014 on topic Re:RE court outcome
It is going on market asap. But i cannot afford tbe bils si havibg to move out.

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5 years 8 months ago #456126 by Jane2014
Replied by Jane2014 on topic Re:RE court outcome
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 benefits .

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  • Unctuous
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5 years 8 months ago #456127 by Unctuous
Replied by Unctuous on topic Re:RE court outcome
It is good to have a plan but please make sure you are aware of the current state of benefits . Receiving welfare because you "can''t work" has become increasingly difficult in recent years.

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  • Jane2014
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5 years 8 months ago #456128 by Jane2014
Replied by Jane2014 on topic Re:RE court outcome
I have an experts medical report regarding trauma and has stated it will be at least 18 months and then only to gradually reintroduce myself to working. I presume this will be ok?

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  • Gillian48
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5 years 8 months ago #456131 by Gillian48
Replied by Gillian48 on topic Re:RE court outcome
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 benefits . 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.

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