To cut a long story short I''ve been married for 14 years and been alone for 14 years. We have two children and a home in joint names though I pay all the bills. We still live together with our children (aged 13 & 7) as there is nowhere else for us to go. We both work part-time and neither of us have savings.
My soon to be ex wife issued me with a divorce petition last October. She has continually failed to disclose her finances. Her OWN solicitor has warned her if she does not contact them within 2 weeks her file will be closed so I''m guessing she''ll finally have to pull her finger out.
There is over £50K equity in the home. If she does not agree to my request for a 50-50 split what are the courts likely to decide? How long will it take? 2 months have passed since the divorce Nisi was pronounced in court. I want a 50-50 split. I''m desperate to leave the home and start again. I feel trapped and frustrated because I know it''s close to the end??!?!
It''s frustrating living in limbo but if nothing is agreed during court proceedings it can typically take 9-18 months before a judge makes a final ruling.
No one can tell you what a court might rule without knowing the facts but there is no law assets are split 50:50, or at least it is an over simplification of the law.
A good starting point is to consider how everyone is to be housed and research local property prices and mortgage raising capabilities. If there are dependent children living with your wife most of the time she will need a bigger property than you. IF her income is less than your she will be unable to raise the same amount of mortgage as you justify sharing assets more in her favour.