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What are we each entitled to in our divorce settlement?

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she wants 50% of the equity if l buy her out

  • delta123
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12 Jul 12 #342670 by delta123
Topic started by delta123
we are divorcing she left matrimonial house and is renting 2 yrs later she wants house sold and 50% split she has 2 of our four chn aged 11 n 15 i have 2 chn but one is older and the other is 17yrs n in fulltime education and i am also in full time education but have a parttime job to help pay mortgage and i hav been paying full mortgage since she left including her share as it is joint but now she wants house sold and split half do i have a case to demand that she pay me her share of the mortgage which l hav been paying for she earns more than £30000 a year we been married 20yrs i am 44 she is 46yrs any urgent help and ideas in court today she has lawyers i self rep coz cant afford legal fees court in2 hrs pliz help

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12 Jul 12 #342672 by vivi36
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it''s impossible to say delta, I know that division of assets isn''t just 50/50 and it isn''t as simple as just the house. There''s pensions, income, expenditure, savings, debt. The whole financial picture gets thrown in the pot. How much equity do you have?

Good luck for today

xx

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12 Jul 12 #342673 by delta123
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anyone out there please to suggest what is reasonable that l can offer or what she can offer equity is £35000 mortgage bal is £122000

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12 Jul 12 #342676 by delta123
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equity is 35000 there is not a lot in other asserts she has no pension I have pension but only in the last three yrs not a lot there main asset is house do they take individual debts into account or not we

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12 Jul 12 #342677 by hadenoughnow
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If she is renting elsewhere and you have sole use of the house, I don''t think you would get anywhere with asking for
her to pay mortgage.
30k is not a massive salary. You may be able to ask for some short term sm while you study but this may not be much.
You may also ask for sale to be deferred until you finish studying. Ultimately though she has the younger children and I think her housing need will be seen as greater.

Hadenoughnow

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12 Jul 12 #342678 by delta123
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Say I am able to buy her out in future can i ask her to pay me her share of the mortgage which will reduce what she wil receive

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12 Jul 12 #342681 by pixy
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paying her share of the mortgage is like paying rent to her - which seeing as you solely occupy the house is what you ought to be doing.

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