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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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Reasonable difference in housing requirements

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10 Apr 12 #322787 by somuch2know2
Topic started by somuch2know2
Has anyone recently gone to court and argued housing particulars? The stbx currently lives in a small town way outside of London where a 4 bed house within the current area costs between £235-£250. I want to move to London to be closer to work, cut my 4hrs of travel down to 1.5 and still have room to accommodate my kids (when I finally get a court order to obtain access).

My solicitor has said I need to look at housing in the same price but that is just not possible in London. I want to be near an overland station and near M4 as that is the right side of town to get to my kids. A 3 bed (ex-council) in a ‘safe’ area starts at about 320- 325.

To recap there is 270K equity in the house-I am going for 70K of it.

Advice?

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10 Apr 12 #322792 by soulruler
Reply from soulruler
There is not enough equity for you to be able to get what you would like and live where you like (same applies for the departing spouse).

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10 Apr 12 #322797 by somuch2know2
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There is not enough equity for either of us to live where we want. Ex-council is not what I want but it means being closer to work,saving on commuiting costs, and not spending 4 hours a day in transit.

I am looking for others who have been in a similar situation?

She insists on living in a particular part of the village so I see no reason why i should not fight my corner on this.

The equity split remains as it would if I would remain far out.

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