Im divorced and pay £ 6500 per year in periodic payments to my ex for another 2 1/2 yrs.
Recently she has demostrated apparent large increase in capital by purchasing a much bigger home without selling existing. Job and income appears to be same.
is it worthwhile my seeking to establish whether she has received a large lump sum ( probably from family) and if she has what are chances of having my payments zeroed?
When the new house is registered at HM Land Reg you could apply for a copy of spouse's mortgage deed filed. The Office Copy entries at HMLR will give the Purchase Price so it is likely the balance was capital.....
Then send a letter to Ex asking for proof of her inc and cap inc inc from capital assets eg Rents......
Remember Court cannot backdate an application for maintenance variation so give her 14 days to supply proof pointing out that in the absence of her co operation you will be obliged to apply for a variation.
The Court has a principle now of no costs between parties unless parties act unreasonably so you are not really at risk if Ex doesn't co-operate.
In alternative suggest you and Ex agree to see a Mediator and make an appointment within 14 days or you apply to Court.
Personally I would apply and then adjourn for mediation cos if ultimately Crt agrees a reduction the caourt CAN backdate variation to date of application BUT NOT earlier.
My first post was actually trying to be helpful, in terms of a variation and the length of time left on the order.
Pursuing a variation can be costly and without sufficient knowledge of what the likely outcome was going to be, I took the principal that if you had £6.5k p.a. over the next 2 1/2 years that represented £16.25k
With that in mind and an assumption that you can obtain a reduction of between Nil and 100%, I took a mean average, which is circa £8.12k, on that basis it would be prudent to enquire as to the likely cost of a full blown variation
Some people on here have indicated costs of £3k to £6k...
Apologies for not exactly explaining my thoughts on the maths
You could pursue the matter yourself, without the assistance of a solicitor and therefore costs would be significantly reduced.
Below is a hyperlink to the courts on-line forms and specifically the form needed to apply for a variation?