what sort of settlement

hi going to be starting mediation to sort out finances, just wondering if anyone could advice what would be a resonable settlement.

married 10 years.
i'm 43 shes 39
house value £80000
mortgage £28500
endowment £8000 surrender value
1 child a boy living with me in mfh aged 10

i've a pension frozen last october when i was made redundant, waiting to hear how much its worth.

shes says she has not got a pension, i've been told shes had one for a year.

my wages plus tax credits = aprox-£1200 per month full time

her wages = aprox - £250 per month part time
she is also cohabiting with her new partner in a flat.

hope theres enough infomation here for some one to give me an idea of what i could expect the division of assets to be

thanks markp

The starting point is 50:50. Can you afford to house your son with this? If not you need to look at what is required and how it can be achieved.

shes looking for a cash pay out to do that i would have to remortgage but would not be able to afford the repayments and give my son any quality of living. i would not be able to buy another property in this area, as my present one is one of the lowest in the area. also renting is out of the question as a lot of houses are been demolished and new houses will not be available for a few years. my need for this area is first my sons school, second my family are close and help me out so i can continue working, and her family are close by and he has contact with them.