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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.


Own 2 houses

  • lizzie888
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27 Jul 12 #345745 by lizzie888
Topic started by lizzie888
As a single woman, I owned my own house (mortgaged). When I met my husband, we bought our own house together, and I rented (and continue to rent) my old house. Now we are getting divorced, I want to know whether he can claim for part of my old house? (I have 2 children 3 and 6, no idea whether this makes any difference whatsoever?!:S

  • LittleMrMike
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27 Jul 12 #345766 by LittleMrMike
Reply from LittleMrMike
It can make quite a lot of difference, but you need to bear in mind that the house you have is potentially a resource.

Normally in cases where there are two houses, each spouse might get one each, but of course every case depends on its own facts.

LMM

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28 Jul 12 #345820 by lizzie888
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Is it unreasonable to want half of what we jointly own, and keep to myself what I had before I met him?

  • WYSPECIAL
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28 Jul 12 #345830 by WYSPECIAL
Reply from WYSPECIAL
lizzie888 wrote:

Is it unreasonable to want half of what we jointly own, and keep to myself what I had before I met him?


Maybe not unreasonable to want it but highly unlikely you''ll get it.

What you both totally own as individuals and jointly now is part of the pot to be split.

The main priority will be housing, especially the children, so whoever the children live with most may get alarger share of the pot.

You need to post more details of ages, assets , incomes length of marriage etc before someone can give a better answer.

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29 Jul 12 #345874 by lizzie888
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I am 45, husband 46. Children 6 and 3. I am a full time mum until both girls start school (so another year).My house is worth about 100k, joint house about £170k. Husband has recently started own business, so there won''t be any profit for a few years he says. We were married 8 years. no other savings or assets. Hope this helps. Thanks lizzie

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29 Jul 12 #345875 by dukey
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How long were you married?.

  • hadenoughnow
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29 Jul 12 #345888 by hadenoughnow
Reply from hadenoughnow
Are the figures you give for the properties market values or the equity in them? We need to know market values and outstanding mortgage.

How big are the properties? With 2 girls the strict need for each of you is a 2 bed place. How much would that cost?

Did you cohabit before you married?

What income do you both have?

Hadenoughnow

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