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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.

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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.


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mortgage

  • ariebombarie
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05 Jan 08 #10033 by ariebombarie
Topic started by ariebombarie
hello,i am separating from long term girlfriend we both own the house,we agreed that i am staying to live in the house.
do i just go to an estate agent for a valuation of the house? and take out an extra mortgage
please help

  • attilladahun
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05 Jan 08 #10043 by attilladahun
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What have you agreed -if it is to give her 50% of the equity get a joint valuation by an estate agent and from the valuation deduct the current mortgage including redemption penalty legal costs and say estate agents fees of a theoretical sale say 2% OF VALUES AND GIVE HER 50% of resulting balance

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05 Jan 08 #10053 by sexysadie
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It seems unreasonable to deduct fees that you aren't actually going to have to pay before you split the value. Why allow for estate agent costs if you aren't selling - or redemption fees if your lender allows you to increase your mortgage? To do this seems like asking for acrimony.

Sadie

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