Thanks Sadie. Please find below more information as required by you:
My age: 35
My Profession: Software Engineer
Net Monthly Salary: £3000 per month take home
My Savings : £28000
Wife''s age: 34
Wife''s profession: Teacher in state school
Net monthly take home salary: £2419
PENSION:
She has Teachers Pension: Below are the details
Last recorded day of pensionable service: 31/03/11
Service counting for Family benefits: 6 years 212 days
Estimated transfer value: £39291
Benefits information(as at last day of pensionable service)
PEnsion: £3384.3
Lump Sum: £10152.91
Partner''s Pension: £1692.15
Pensions increase factor: 1
Her Savings : £40000
One Daughter, 9 years, she lives with the mother. My wife left the FMH last year in july 2011 due to her own personal reasons and took my daughter with her. She moved to a studio appartment although she is receives £2419 (pay), £423 (CSA), £120(Child benefit and tax credit) every month.
ASSETS: 2 houses
1St House : FMH - A 3bed Semi Detached house in Isleworth
Value: 420,000 (Valuation done by joint application)
mortgage: £265000
I am living here
2nd House: Buy-to-let - 3 bed semi in Southend
Value: 160000 (Valuation done by joint application)
mortgage : £174000
Tenant paying £800 to my account per month.
She wants to move into FMH as per her Form E and
Clean Break.
I want to either sell both the houses and split the share 50-50 or if she wants to move in the FMH then I would want my share from her and want my name off the mortgage as I would like to buy atleast a 2 Bed for myself and my daughter when she visits me.
At present my daughter comes every weekend and stays over on saturday. But later this may be more as the contact has begun only since june.
ISSUES:
1. My wife has kept almost £18000 worth of matrimonial jewellery gifted to her from my family. I want them back.
2. I want my share in the FMH if it is disposed or she moves in and a right to purchase a property of my own as I haven''t lived in a rental property for more than 6 years. I object to her wanting to move to a 3 Bed house when she was fine living in a studio all this time for more than a year, this too me sounds like unreasonable demand. I am fine with her demand if I am able to take my name off the mortage and get my share.
3. I want share in her pension ( and please note she is also getting my share in her pension)
4. I want a clean break
Please guide/advise me as to what should be a realistic settlement considering all assets. savings, benefits, her pension... And how much share of her pension can i get ?
Many Thanks!