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What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.
The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.
A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.
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.
Would he be likely to agree to wait for his share of FMH for a period of time? Youngest is 9 but there is quite a big gap between youngest and older two.
My salary and whatever equity came from the eventual sale I think would be adequate to live in a rental apartment, perhaps two bed, in case any of the kids wanted to stay over. I fully understand that with my salary and age buying is not an option.
Would there be enough money to house you once children have left and FMH is sold?
Sorry I don’t understand what ‘Get a charge on new property’ means.
This is a difficult situation, as realistically you cant afford to maintain the FMH and there is a reasonable amount of equity £135k.
I think a court would say that the house should be sold and a more affordable property purchased. I think your ex would be expected to pay sm to cover cost of new mortgage and in return your ex would get a charge on the new property.
I have 3 pensions which combined have a CETV of 50k, I don’t know what types. His one is Final salary, according to the mediator. (All jargon to me, I’m afraid.) What does equalised mean?
Are the pension both money purchase or final salary? I think these will be equalised as you are of similar ages.
We provide the UK's lowest cost no-fault divorce service, managed by a well respected firm of solicitors.
Online mediation is a convenient and inexpensive way to agree on a fair financial settlement.
This legally binding agreement defines how assets (e.g. properties and pensions) are to be divided.
Support for people who have to go to court to get a fair divorce financial settlement without a solicitor.