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What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.


severence of joint tenancy

  • daisy65
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15 Sep 12 #356008 by daisy65
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Hi just found your site, read a few questions already on here re severence of joint tenancy, its the wording of my letter I would like help on pls. It reads like this

I x hereby give you notice of my desire to sever as from this day the joint tenancy in equity of and in the property situate and known as x now held by me and you as joint tenants both at law and equity so that the said property shall henceforth belong to you and me in equal shares subject to the provisions of the form of agreement made 7th June 2011. (This was to say if she moves someone in the house would be sold).

Im very confused and my previous marriage, I came out with nothing, i dont want this to happen again so am reluctant to sign as this mentions equity.

Thank you in advance :S

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15 Sep 12 #356086 by soulruler
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There is a form to sever joint tennancy. I was asked by my ex to sign an agreement to severe the joint tennancy which I had no objection to.

What I would reccommend is that you seek the advice of someone at citizens advice as to the required form at the land registry that needs to be completed. There is a good deal of difference between a letter of agreement and a legally binding form.

If in doubt maybe apply for a hearing from the courts for Directions on the matter - I believe a hearing costs £80 but that citizens advice is free which is the best place to start unless someone else hear on wiki has the heads up to tell you what to do.

I have agreed without going to court to severe the joint tennancy with my ex but he then went on to do it in a formal way via his solicitor.

  • revenge
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16 Sep 12 #356192 by revenge
Reply from revenge
I paid my sols to do the severance of tenancy it was £80. I could poss of done it myself but I really didn''t want the hassle.

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17 Sep 12 #356437 by daisy65
Reply from daisy65
Hi thanks for replies bt I need to know what the equity part of it means,,,,,its not jst the severence,,,,,is it? Thanks:rolleyes:

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23 Sep 12 #357440 by daisy65
Reply from daisy65
Thanks

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23 Sep 12 #357442 by daisy65
Reply from daisy65
thanks

  • soulruler
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23 Sep 12 #357445 by soulruler
Reply from soulruler
The equity means the value, whether it is in positive or negative equity, so when you severe you protect your assets or your exposure joint debt.

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