A well respected, award winning social enterprise
Volunteer run - Government and charity funded
We help 50,000 people a year through divorce

01202 805020

Lines open: Monday to Friday 9am-5pm
Call for FREE expert advice & service info

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 legal advice on a fair financial settlement?

We offer a consultation with experienced family solicitor for a low fixed fee. You will receive legal advice and a written report outlining your legal position and setting out what a fair settlement would look like based on your individual circumstances.

financial settlement

  • Homey
  • Homey's Avatar Posted by
  • New Member
  • New Member
05 Feb 08 #12893 by Homey
Topic started by Homey
I have been married to my wife now for 6 months but have been living apart for the last three. so have only been living together for 3 months.

I bought a property prior to us getting married of my parents at a reduced rate. the mortgage is in my sole name.

I have a paid off her debt by taking out a loan for her in my name for £10,000.

what will she be entitled to if anything?

the only way for ending this relationship is by annullment. or wait a year to apply for divorce. what should I be doing in the mean time?

Also she has never maid a mortgage payment or paid a bill.

  • IKNOWNOW's Avatar
  • User is blocked
  • User is blocked
05 Feb 08 #12899 by IKNOWNOW
Reply from IKNOWNOW
Just thinking out loud but:

Her name is not on the deeds of the house? And you are paying at your expense a loan to pay of her debts?

As the marriage is so short, general rule of thumb is you both walk away with what you brought into the marriage financially.

Sadly, I think you are probably saddled with the £10K loan.

Make sure you sever any joint liabilities you have, eg bank accounts, credit cards etc.

As for the anullment, not sure on that one.

Hope this has helped, but please don't take what I say as gospel.

Regards, Sarah

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11

The modern, convenient and affordable way to divorce.

No-Fault Divorce £179

We provide the UK's lowest cost no-fault divorce service, managed by a well respected firm of solicitors. 

Online Mediation £250

Online mediation is a convenient and inexpensive way to agree on a fair financial settlement.

Consent Orders from £359

This legally binding agreement defines how assets (e.g. properties and pensions) are to be divided.

Court Support £250

Support for people who have to go to court to get a fair divorce financial settlement without a solicitor.