A well respected, award winning social enterprise
Volunteer run - Government and charity funded
We help 50,000 people a year through divorce

01202 805020

Mon/Fri 9am-6pm       Sat/Sun 2pm-6pm
Call for FREE expert advice & service info

Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.


consent order

  • kal20
  • kal20's Avatar Posted by
  • New Member
  • New Member
More
26 Sep 17 #496499 by kal20
Topic started by kal20
Hi

My ex husband and I divorced 3 years ago and the terms of the Consent Order stated that the property shall not be put on the market earlier then September 2020 unless we agreed in writing to sell earlier and the property division is 60/40 in my favour. I now want to sell the property 3 years early and I am happy to split 50/50 to compensate the loss my ex husband will incur by selling sooner then agreed.

Has anyone ever done this or know if we can do this - thanks

  • jonathancj
  • jonathancj's Avatar
  • Platinum Member
  • Platinum Member
More
26 Sep 17 #496507 by jonathancj
Reply from jonathancj
Who is actually occupying the property?

  • kal20
  • kal20's Avatar Posted by
  • New Member
  • New Member
More
26 Sep 17 #496510 by kal20
Reply from kal20
I live in the property. We agreed not to sell until 2020 to allow youngest son to finish uni before moving but i now want to move home - thanks

  • jonathancj
  • jonathancj's Avatar
  • Platinum Member
  • Platinum Member
More
26 Sep 17 #496513 by jonathancj
Reply from jonathancj
I don't really see why you need to offer an incentive to your ex to agree an earlier sale. He will be getting his share of the money three years earlier, after all.

  • kal20
  • kal20's Avatar Posted by
  • New Member
  • New Member
More
26 Sep 17 #496517 by kal20
Reply from kal20
He would prefer to sell in 2020 and achieve a higher sale price. He has taken on a part interest only mortgage and wants to pay it off in 2021 (he has a fixed rate and will incur a fee if it pays it earlier), the current sale price will leave @ £20k shortfall on his mortgage which if we didn't sell until 2020 he would more than likely achieve.

  • WYSPECIAL
  • WYSPECIAL's Avatar
  • Moderator
  • Moderator
More
27 Sep 17 #496522 by WYSPECIAL
Reply from WYSPECIAL
How much equity will you be splitting now and what is the increased figure in three years in based on?

The speculation seems to be that the equity will increase by £50k so his share will increase by £20k.

How much money would he get now that he could invest for three years?

How much is the early repayment fee and how much interest would he pay over the next three years?

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11