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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.


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Transfer of equity & mortgage indemnity

  • 2012_abwode
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06 Aug 12 #347587 by 2012_abwode
Topic started by 2012_abwode
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  • LittleMrMike
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06 Aug 12 #347682 by LittleMrMike
Reply from LittleMrMike
The general idea would be a covenant on your part to '' use best endeavours '' to have him re;eased from the mortgage ;'' plus

An undertaking on your part to make the mortgage payments on time and in the prescribed manner ;

An undertaking to indemnify him against any financial losses due to failure to make the payments.

I don''t think this is rocket science and I would have thought, frankly, there would be a precedent for it available to the wiki solicitors who do Consent Orders. Heaven knows, it''s common enough.

LMM

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