Really confused???

Could somebody please give me a little bit of a heads up on how I will stand financialy when I split.

I have been married 5 half years, i earn 26,000 my wife earns 23,000. We have a little boy aged 4. We have a mortgage of 75,000 on a house worth about 170,000. Have other debts totalling about 17,000.

Orignally I wanted my little boy to live with me but I don't want to drag it through the courts so have decided that he should stay with the x2b in the FMH, my ex would like to buy me out but I don't think she will be able to raise the funds, the other debts are in my name, will this leave me liable to them because at the moment all I can see is me being left with all the debt and with no way of getting my life back on track. Also will i have to continue to pay the household bill in the FMH and how much should I be looking at paying towards my son??

Thanks in advance

Disclaimer- This is not based on any legal opinion or knowledge of the details of UK law but simply on observations of settlements reached mentioned on this site:

NetEquity in Family Home -95K split could be 50/50 but more likely to be 60/40 to primary carer so wife would need to increase mortgage by about 38K to buy you out.

New Mortgage in her name of 113K she might get this is the child maint is taken into account as income in addition toher earnings.

She is earning 23K - you 26K so no spousal maint to be paid by you to her.

CSA child maint to be 15% of your earnings

Split of debt of 17K whatever you can agree is joint debt to be split 50/50. So you could agree to settle on a cash lump sum of 29K and you keep the 17K debt and she increase mortgage by 29K to 104K.

Pension adjustment - ask for Nil adustment order so she has no future claim on your pension and ask for Clean Break sttlement

Anyone more experienced please step in and advise.

thank you very much