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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.


Ex buying new property

  • crimsonlake
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16 Sep 12 #356220 by crimsonlake
Topic started by crimsonlake
Just wondering if anyone could clarify something for me. My ex is purchasing a new property , as we are not yet divorced does this mean that I technically would own half this property?

  • sexysadie
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16 Sep 12 #356229 by sexysadie
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It means that any equity in the property would go into the marital ''pot'', just as the money he or she has used to purchase it would.

Best wishes,
Sadie

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16 Sep 12 #356230 by crimsonlake
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Thanks, so assuming he keeps hold of it until well after our divorce is finalised I would then have no claim over the equity?

  • NoWhereToTurnl
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16 Sep 12 #356232 by NoWhereToTurnl
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My ex did the same a year before we divorced, £300K, mortgage interest only, DJ factored it in as negative equity, he also said he has a large loan from his sister but did not provide proof but it again was factored in.

Sorry but, its all down to the postcode lottery and the DJ.

The day after the CO he paid off his mortgage in full!

Hope yours goes better,
Best wishes,

NWTT.

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16 Sep 12 #356233 by sexysadie
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It will need to be included in your financial arrangments and your Consent Order, so that its value is taken into account. You won''t have a claim to it after the finances are settled, but by then you won''t need to as you will have had compensation for any equity he has in it.


Best wishes,
Sadie

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16 Sep 12 #356234 by crimsonlake
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Thanks for taking the time to reply x

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