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Advice needed please re marital home...

  • TJC
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21 Feb 08 #14589 by TJC
Topic started by TJC
Hi,

Brand new here, and just want some advice please.

A friend of mine (cliche I know lol) has recently left his wife. Hard decision, they were together for 13 years, married 7, have son of 10 but basically drifting and staying together for son's benefit for last few years.

Both loved and cared about each other, just not in love anymore and nothing in common and going nowhere.

A few serious talks and he has left, very amicable, both okay with situation. They sat down together and talked things through with son and he is okay. Dad is seeing son a couple of nights in week and has him one day and night at weekend. It is all okay on that front.

Time has come for Dad to move on. In short, he is living back at parents, paying mortgage and couple of bills at house (where mother and son live) but he now wants to get place of his own and sorted.

They already discussed selling house would have to happen before. Neither can really afford to buy other one out, although this is now becoming an option for him as he is considering interest only mortgage and has lodger lined up to assist with bills etc.

Anyway, he was banking on everything being 50/50 but she has told him she is entitled to a lot more than that, and also a friend told him today he should never have left, and would be better off moving back in as it will be better for his case.

He has been amazing really, left her the house to live in and went and stayed in a tiny single room at his mum and dad's and has been brilliant with son, and good to her re paying all bills etc.

So, anyone here know if this is true? If he was going to buy her out, would he have to give her 70%, and if they end up having to sell, would he only get 30% of the profit?

I'm asking on here as he has been told this tonight, and is understandably worried and I wanted to try and get him some info.

Thanks in advance

TJCx

  • dukey
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21 Feb 08 #14621 by dukey
Reply from dukey
Hello best to ask your friend to put his and wifes details through the wiki calc that will give you a good idea, without knowing many details its hard to answer 50/50 is the starting piont with a child of 10 and considering the mother will lightly be the main carer for the next 6-8 years it could go 70/30.
If H and W are friends why not agrea terms thats always the best least expensive way.
dukey

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