Wondering if someone can give me some help with best solution here.
I had to leave family home with kids as my husband wouldn''t , we had a home with tenant which I moved into. We remortgaged the home I now live in to pay deposit for home husband now lives in , my husband now wants to sign the house I live in over to me , it is now valued at £70000 and we owe £105000 to mortgage , I have asked him to return the money borrowed from the house , which will put both houses back to original price we bought for , but he refused , so therefore it looks like my only option is bankruptcy as I cannot get mortgage for 105000 , anyone know of any other solutions .
We have not been able to come to a Separation Agreement yet, my ex is in the family home and according to his lawyer there is no equity in the home, and they say they are also struggling to get his pension details .
I wouldn''t sign anything over until the Separation Agreement is sorted. Before agreeing how to split the assets you need to ascertain the value of all the assets at the relevant date, usually the date of separation. If your home was remortgaged to provide a deposit for your husband any equity originated from matrimonial assets and should form part of the matrimonial pot along with any savings, investments or pensions. Only when you know the value of the pot can you reach a "fair" settlement.