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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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Transfer of Deeds of FMH

  • chunk78
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03 May 12 #328112 by chunk78
Topic started by chunk78
Hi

My ex-wife has agreed to pay 35% of the equity of the FMH as part of a Consent Order.

I am in the process of transferring the mortgage and the deeds into her name.

I have signed and returned a Transfer of Equity form from the Mortgage Provider which was accepted.

I have now received the TR1 Land Registry Transfer form and I''m a little confused. In section 8 it states that I have received the equity from the house as part of the transfer.

I haven''t received any money yet so was wondering if this was standard practice? Or should I hold off signing the TR1 form until I have received my share of the equity.

Any Advice is appreciated

  • sexysadie
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03 May 12 #328119 by sexysadie
Reply from sexysadie
What happened in my case was that we both signed various forms but didn''t date them, then the solicitor doing the conveyancing put the dates on the forms when they got the money from me to buy him out, and did the transfer at that stage. It''s probably worth clarifying this with the conveyancing solicitor.

Best wishes,
Sadie

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