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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.

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.

Am I being too soft?

  • Barks
  • Barks's Avatar Posted by
  • Junior Member
  • Junior Member
15 Jan 08 #10724 by Barks
Topic started by Barks
My Wife told me our marriage was over in May last year. I moved out of the marital home and now live in a bedroom at my sisters house 30 miles away. I have no probs seeing my kids (10 and 6). There is no hope of reconciliation, I am awaiting divorce petition and mediation. My question lies around current arrangements pending mediation. For 5 months I paid all of the outgoings on the marital home i.e. bills, council tax and mortgage this amounted to approx £1100. X2B only paid for SKY. I earn £1800 per month net. In October I asked the X2B if she could pay the bills in full per month as she was earning over £1300 net when child tax credits/child benefit were added to her take home pay. This X2B agreed too. I currently pay the mortgage (£800 per month) plus the dogs food/insurance (£45 per month)- I could not take the dog to sisters, plus the children adore her and would be upset if I did. The bills for the MH is approx £300. I have had a few of my friends and family telling me I am being very generous, given the likely outcome of mediation will be that I lose the house or get very little from the house sale proceeds (£140k profit expected). I would be very grateful for your views or similar experiences?

  • Craig aka I am lost
  • Craig aka I am lost's Avatar
  • New Member
  • New Member
15 Jan 08 #10726 by Craig aka I am lost
Reply from Craig aka I am lost
Hi - I can relate to your situation. My wife has declared that our marriage is over albeit I haven't moved out.
We have 3 kids all under 8 and yesterday my world fell apart when I went to see a solicitor.

She stands to get the lot, 70% of the equity, remains in the home, my 30% is tied up until the youngest is 18 and I also have to pay 25% maintenance each month. Basically, I am screwed financially plus standard access to the children will be every other weekend

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