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 help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.


splitting the equity in the house

  • puffafish
  • puffafish's Avatar Posted by
  • Elite Member
  • Elite Member
More
26 Jan 08 #12007 by puffafish
Topic started by puffafish
We bought a house in Nov 2004 which cost 135,000. I put down £35,000 as deposit from the sale of my previous house from before we met. My soon to be ex-husband contributed nothing. We are now getting divorced and I am hoping to buy him out. I have 2 children from a previous marriage and 1 with him, aged 12, 9 and nearly 2.After having back my £35,000, should the rest be a 50/50 split or should a percentage be taken out regarding the children, as they will be staying with me? (e.g 70/30 split):S
Thanks
Puffafish

  • Josh2008
  • Josh2008's Avatar
  • Platinum Member
  • Platinum Member
More
26 Jan 08 #12013 by Josh2008
Reply from Josh2008
Whilst children and their needs come first you need to post up some more infromation.

How long married
How laong living together before marriage
How much each of you has in income
Childrens needs come first then spouses

  • puffafish
  • puffafish's Avatar Posted by
  • Elite Member
  • Elite Member
More
27 Jan 08 #12032 by puffafish
Reply from puffafish
Married for 2.5 years. Living together for about two years previously.
He earns approx £20,000, I earn approx £28,000.
Thanks
Puffafish

  • Josh2008
  • Josh2008's Avatar
  • Platinum Member
  • Platinum Member
More
27 Jan 08 #12058 by Josh2008
Reply from Josh2008
Your marriage is very short, even combining; cohabitation comes to less than 5 years

I would expect if it was a court ruling then what you came with you go with.

As there are children involved you would almost certainly keep the house, there might be a split of assets but it is likely to be very small on H's benefit

And to keep the roof over your heads a court will almost certainly only let him get at his share, if any, after the youngest has left full time education

Other factors can be taken into account such as future co-hab or remarriage

Not sure how you fair on the Children’s maint. Others may help due to the complexity

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11