Bit of a newbie here but could do with some guidance as am trying to reach a fair settlement with my wife.
House and mortgage is in my name and we have c200k equity. We have been married 8 years and have both worked in good careers but my net earnings are about 30% more. We have a 5 year old daughter and have agreed to split care 50/50 ie we will both need somewhere to live where we can look after our child.
I''m expecting to split the equity 50/50 and not have to pay any spousal maintenance ongoing as here earnings are perfectly sufficient to rent/buy something suitable and keep a good standard of living - is this reasonable? Obviously i would be happy to happy any child maintenance required but as we woudl be splitting care 50/50 this may not apply?
we''re both 34, married for 8 years.
house valued/sold at £430k. Mortgage (in my name) at £226k.
We''re agreed that pensions are not part of the discussion. We both have provision that is pretty much the same.
50% of the equity would provide for a 30% deposit on a 2 bed flat each with mortgage payments of around £1200 pm which would be affordable for both of us.