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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.


help regarding house

  • auntiefi
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25 Sep 07 #3905 by auntiefi
Topic started by auntiefi
right bare with me
my BIL is getting a divorce. he got married in june 05 and they split week past Sunday due to finding out in a newspaper that she is working as a prostitute (no joke!)
he bought aflat in May 2007 in his name only , putting down a £15 deposit from his own funds. valued at 118k hen he paid 125k and its now valued at £122k. mortgage balance £109k, redempton with penalties £112k
what will she get?
we r in scotland if that helps
thanks

  • Fiona
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25 Sep 07 #3915 by Fiona
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25 Sep 07 #3916 by auntiefi
Reply from auntiefi
so that would be VALUATION - REDEMTPION = 122-112- £10k each - so £5k to get rid of her?
ta

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25 Sep 07 #3932 by Sera
Reply from Sera
If only life was so cut-and-dry... two posts and you're sorted!

Good luck to them both if it's that simple!

Sadley the sum usually looks thus:

Value = denial = no you didn't = not over my dead body = see if I care what your soliciotr thinks = it's mine, you're not having it = Mc2 = chaos = tears = stress = arguements = value = denial = ..... etc; etc...

Until it usually comes back to what was probably 'fair' all along!

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