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Read our latest Financial Settlements guide (2021) 

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.

  1. Advice
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  11. Purchasing a house for her

Purchasing a house for her

  • hedgeh0g
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23 Sep 12 #357438 by hedgeh0g
Topic started by hedgeh0g
My STBXW and I have agreed that in order for her to have somewhere to live she will use her split of the assets as a deposit for a house. I will then take a mortgage for the rest of which the payments will form about 70% of the spousal maintenance. Ultimately the house should be hers.

How can I go about this? I assume the house will need to be in joint names as the bank won''t lend to me on a property that I don''t have a legal title to? Also where do I stand with regard to capital gains etc if I subsequently buy somewhere of my own? Would that be a second home and so liable for CGT if I sold it?

  • WYSPECIAL
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23 Sep 12 #357455 by WYSPECIAL
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Couldn''t she just take a mortgage herself based on her income which included the SM you pay?

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23 Sep 12 #357485 by hedgeh0g
Reply from hedgeh0g
I didn''t know that SM could be used as income in a mortgage application. As it''d only be 12k a year she wouldn''t get much mortgage with that?

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23 Sep 12 #357489 by hedgeh0g
Reply from hedgeh0g
Should also say that she''s recently started her own business so has no recorded income for mortgage application purposes.

Moderators: wikivorce team, rubytuesday, dukey, hadenoughnow, Tets, Shezi, Linda Sheridan, Forseti, Mitchum, WhiteRose, Lostboy67, WYSPECIAL, Bubblegum11
  1. Advice
  3. Financial
  5. Advice-Forum
  7. Financial
  9. Property and Mortgages
  11. Purchasing a house for her

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

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

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

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