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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.


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Please Please help need advise on financialhearing

  • rockchick
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10 Jul 12 #342367 by rockchick
Topic started by rockchick
Please help anyone, im going mad tonight, just had enough of stupid ex i have FH next Thursday we have put in an offer of £250K to rehouse myself and children and pay off credit cards ex proposed 200k but today recieved letter from his solicitor stating that he has had a financial assessment, i havent worked in 18 years got 3 children 17,13 and 7 got a medical condition hes always worked in banking today enclosed was a mortgage valuation for myself somebody suggested that i could get mortgage !!!! havent worked in 18 years i claim benefits children tax credits and child benefit and very recently ESA becAUSE I am unable to work also i have £30K in solicitors debts apparently i could obtain mortgage because i will receive child maintenance £1100 a month and spousal maintenance £500month solicitor was pushing for mortgage free house im going mad surely this cannot be suggested i would be effectively paying mortgage with benefits and maintenance/Spousal please please help xx

  • Lostboy67
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10 Jul 12 #342369 by Lostboy67
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Hi,
I don''t think many lenders would be very keen on lending money if you don''t have a job. Your child maintenance and child benefit will reduce very soon and stop all together eventually.
It might be worth speaking with an IFA to see if they could offer a mortgage

LB

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10 Jul 12 #342374 by rockchick
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thanks for reply no i don''t want a mortgage but i have to have evidence that i cannot obtain a mortgage any advise appreciated x

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10 Jul 12 #342375 by Lostboy67
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Hi
If you speak to an IFA they could tell you one way or another regarding your ability to raise a mortgage.

LB

  • maisymoos
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10 Jul 12 #342377 by maisymoos
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Contact the people that provided the mortgage valuation, check first hand. If you don''t have details request them.

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10 Jul 12 #342379 by st42
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Hello

I had a FDR couple of months ago the judge suggested if I had enquired about getting a remorgage.I was allso on benefit income.My solicator had stated that I was on benefits,but judge seemed to think I could get a loan!I enquired to a few banks and managed to get a letter from one stateing "unable to give loan to costomer as costomer is on benefits"
I presented the letter at final hearing and that was the end of the morgage capacity argument.If you can get a letter from your bank that ought to help.Goodluck for the final hearing.

  • epitome title
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10 Jul 12 #342381 by epitome title
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Go into any Estate Agents and see their mortgage advisor, take in all your financial details, as much info as you have and also your ID etc and they can do an illustration which I am sure will show that you would be unable to secure a mortgage without a job and then give you a print out of that illustration

Going into an Estate Agency will ensure that you will be able to get an appointment to see the advisor pretty quickly and most have a large range of products they can look at for you so will save you the hassle of dragging round a couple of banks or building societies

Best of luck

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