Any advice would be gratefully appreciated.
Just finished mediation, but without resolution.
STBX has a good pension (from previous employer) which he can start to receive in a year''s time. He is also entitled to a very nice lump sum next year and intends to continue working. My pension is less than a quarter of his and I wont get this for 15 years.
The house is in joint names and has equity as well as an outstanding mortgage. Ex is currently in FH.
His proposal - 50/50 on equity in property, 50/50 his pension lump sum,
no further pension sharing.
My proposal - I keep equity in property and take over mortgage, he keeps lump sum and pension etc.
Equity + my pension(CETV) = 272k
His pension (CETV) = 418k
As we cannot agree I have instructed my Solicitor to negotiate with his but think this may end up being taken to court.
From the above anyone think I have a hope in hell of getting the FH? Its in a very poor state of repair and I will have to spend £££ on getting it into shape but am willing to do this to provide a home for the kids.
Are both pensions the same type e.g money purchase or final salary.
When it comes to the pension, you have to accept that he is 10 years older and close to retirement whereas you have another 10 year + to catch up on his pension. I dont think you can expect a 50/50 split on pensions for this reason.
Are the 18yrs old and 20yr old children still at school/uni.