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Waiting for first settlement offer

  • wolla
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24 Oct 17 #497129 by wolla
Topic started by wolla
STBXH's solicitor now has all my financial documents - they haven't asked for my form E - even though i have told them it is completed and asked for STBXH's.
They just asked me to send my pension CETV (which was the only thing outstanding) and they would be in touch with an offer to settle.
Can anyone advise on what a fair settlement might look like......

Married 21 years
2 children, 10 & 5
Me 43, him 46
I earn 21K, he earns £14K. Both work full time
Children live full time with me - he sees them once a month for a few hours only (despite living only 1 mile away - his choice)

Assets
House - 75K
Pension (Me) - £50K
Pension (Him) - £6K

Liabilities
Remaining mortgage - 37K
Loan - £7K
Credit Cards - £5K
Tax Credit overpayment - £3K

I will be staying in the FMH with the children. He is renting.

I will need to remortgage to pay him a settlement, but am worried that my borrowing capability as it is now (including Maintenance and TAx Credits which my mortgage lender have said they will accept as income) will make my payments manageable now - but unmanageable once i stop receiving Maintenance and tax credits) - Can i use this as a reason to reject a settlement offer if i think it's too high.

He (I think) is expecting a relatively high settlement, so I would be interested to see what others think would be reasonable.

Edited to add - he has indicated to our DS (10) that by the end of the year he will be moving nearer to work and asking his girlfriend (the OW) to move in with him - should this have a bearing on the outcome?

Thanks in advance
Wolla

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