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Just separated

  • Crazybee
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1 month 2 weeks ago #512553 by Crazybee
Replied by Crazybee on topic Just separated
The house was mine, I purchased it , then when I remortgaged they valued it at 120,000, this so the equity was £80,000, when I added him to mortgage he Worked for civil service when I met him,and later in marriage joined the police service, I really want to keep my home, so I thought it was easier to offer an amount to get rid , but that meant leaving his pensions ,

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  • hadenoughnow
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1 month 1 week ago #512656 by hadenoughnow
Replied by hadenoughnow on topic Just separated
The equity will be documented in the mortgage documents. I would say that if this is included in the pot so should all of the pension be.

The pensions will very likely be more valuable than the equity even with your contribution included.

You really need the CEVs of all pensions plus confirmation of his mortgage capacity (and yours) to help you work out what is available to meet your housing needs and needs for income in retirement.
Ideally an actuary should be used to establish how pensions should be split to ensure equality of income in retirement and what a reasonable offset against equity would look like. Bear in mind that a departure from equality re housing may be considered fair depending on circumstances, including mortgage capacity.

As you already have a civil service pension, it may be best to share that one and leave the police pension alone.

I would strongly advise that you get a legal financial consultation before going any further. Give the helpline a call.

Hadenoughnow

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