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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.

What steps can we take to reach a fair agreement?

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.


Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.


Giving me the house!!!!!!

  • hadenoughnow
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29 May 12 #333814 by hadenoughnow
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You will need a TR1 to transfer her share to you. This will also state how much you gave her for it!. This is what a conveyancer can sort for you.

Of course your lender will only agree for you to take over 100% of mortgage if you meet their lending criteria. If not, she may have to stay on it even if you have bought her out of the house.

Costs are likely to be some £400 for conveyancing plus whatever the lender charges for a new mortgage deal.

Hadenoughnow

  • Shoegirl
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29 May 12 #333815 by Shoegirl
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Conveyancing in my case is quoted at £350 fixed fee plus £150 transfer of equity charge from the building society.

Just to give you some idea of costs.

  • markz
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30 May 12 #333965 by markz
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Thank you ....watch this space!

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27 Jun 12 #339477 by markz
Reply from markz
UPDATES AS PROMISED.....

The Building Society have told me i am short by £4000 so will not let me take on the mortgage on my own. The good news is that the 2yr deal on the m/gage expires next july. This will enable me to go some where else and re-apply for a new mortgage which will then be in my sole name. At this point the deeds will be transfered to me!!!!
In the mean time my Partner and myself have agreed that i will pay mortgage and all the bills till then. She has moved out and will sort out a LETTER? from her solicitor a DEED OF SEPARATION, for me to sign which will state i own the house on receipt of the £16,000 i have agreed to give her as a settlement figure. Remind you all we are not married.
Does this sound ok????

All the best
Mark.

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04 Oct 12 #359293 by markz
Reply from markz
Now all ok...live on me own, got the house in my name and my son visits me weekly...loving it!!!

Thank you all for the tips and advise...THANK YOU...

  • Elphie
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04 Oct 12 #359320 by Elphie
Reply from Elphie
It''s nice to read about a happy ending from a quick and civil agreement. Congrats on getting everything sorted officially.

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The modern, convenient and affordable way to divorce.

No-Fault Divorce £179

We provide the UK's lowest cost no-fault divorce service, managed by a well respected firm of solicitors. 


Online Mediation £250

Online mediation is a convenient and inexpensive way to agree on a fair financial settlement.


Consent Order £259

This legally binding agreement defines how assets (e.g. properties and pensions) are to be divided.


Court Support £250

Support for people who have to go to court to get a fair divorce financial settlement without a solicitor.