Hi I''m newly separated and filing for divorce. I hold my home tennants in common me 185000 (from sale of my home) my husband 20,000 ( from his divorce) This is drawn up on deeds. We were married 5yrs 10 mths. I earn 960 a mth ( which i cant increase due to poor mental health since my son dying 3 yrs ago) he earns 2000-2500 a mth. I have a car in my name worth 13000 he has car with 5000 in his name. We had the vehicles when we met. He is saying that he wants half the house equity which is now only 145000 due to taking a further advance on mortgage (which we spent on house but didnt increase value) also he said he wants to go for my pension and half my car! Can anyone help me please as I have a 12 yr old son and I am struggling daily as it is. Can he rob me of everything with his good wage??
Yes as WYS says he can go for the moon if he wants but that does not mean he will get it!
The primary concern will be the housing needs of the child. How can you possibly give him half of the house equity? Selling will not be an option with a child living there, and on your wages you certainly can''t get a mortgage for 50% of the value. On the face of it your husband''s expectations seem totally unrealistic.
The cars he is having a giraffe if he thinks he is going to get anything for that. He has his, you have yours, end of story.
What is the value of the house and how much is the outstanding mortgage?
If your husband is not the child''s father (which I guess from the age he is not) then does the father pay child maintenance? How much?
He has 5000 tucked away in a savings account but I have none. There is 100000 left on mortgage but I want to sell house as its a big 4 bedroomed detached and I can''t afford to keep it. My ex husband pays me 100 a mth maintenance. I''ve been a nurse for 22 yrs but only working 120 hrs a wk for last 10 yrs. he is now an ambulance technician for last 2 yrs earning twice my wage.