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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.

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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.


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  • shogan
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31 Mar 12 #320993 by shogan
Topic started by shogan
recived redemtion statement today from bank.
£90.032.47 incuding charges to close

mortgage.house value 3 valuations £117.000 to £120.000 and one on the market prce £125.000 another at £120.000

£1500 which becomes payable on the legal completion conveyancing for the sale £694.80 inclusive of VAT.Energy Performance Certificate at a cost of £99.00 plus vat

mean while im have been paying the mortgage as my wife left me in the maritual home from febuary. and the loan that is included in the £90.000 redemtion statement. also all the bills that came in up until febuary total £400.00.

she is living at parents at the moment then going to rent a house this week maybe.

i bought the house in 2004 with my nan.

i maried my wife in 2005 in 2006 i remorgaged put my wife on the house and mortgage, my nan signed over her halve in the house to us as a gift, as it was ex council house we had £30,000 equity after the 3 years of keeping the house. i paid £67.000 for the house in 2004.

i have maid offer to pay the loan and mortgage plus give my wife £7000 and execept unreasonable behaviour for devorce as she want quick devorce.

she said her solicotor is looking for at least £20,000 to buy her out.

im not good at maths but that dont work for me what will she get if she dont exept all i can borrow £7000 plus mortgage.

i hve 18 year old daugter full time education from previous partner she has 1 son 11 from previous partner no kids together.

she dont whan''t the house,we are both working earning £20000 a year each.

i have pension that is worth £4,000 but is a invetment pension that goes up or down.
any advice please

  • MrsMathsisfun
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31 Mar 12 #320995 by MrsMathsisfun
Reply from MrsMathsisfun
According to my calculations, after selling costs there would be approx £27700 profit from selling the house and she wants £20k of it after an 6 year childless marriage.

I think a 75/35 split in her favour would be unlikely.

  • shogan
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31 Mar 12 #321000 by shogan
Reply from shogan
sorry could you explan a little more please would be greatfull

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