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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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Unbalanced Request

  • Rossm3
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04 Jul 21 #517186 by Rossm3
Topic started by Rossm3
Hi all,

Only the house is up for discussion and we have agreed to discuss it mutually .

Divorced 6 years ago, at that time my ex was not able to take over the mortgage, therefore I have stayed on it and paid 50% still to date to ensure that both her and the children were housed and comfortable.

Of late my ex has said she can now take over the mortgage but wants all of the 180k est equity.

I moved abroad to work as I get my housing paid for and cannot afford to rent and pay 50% mortgage in the UK.

I have also been paying maintenance .

House value est 325k - mortgage outstanding 130k.

Similar salaries as her finances allow her to take on the outstanding.

What would be a fair equity share in this scenario? and surely a judge wouldn't agree to the full house?.

  • WYSPECIAL
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05 Jul 21 #517191 by WYSPECIAL
Reply from WYSPECIAL
You need to post details of ages, incomes and all assets for someone to comment.

You can’t just look at the house in isolation.

  • Rossm3
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06 Jul 21 #517192 by Rossm3
Reply from Rossm3
Myself - 38 - Ex - 41

Children 9 & 12.

Incomes - Me - 59K / Ex - est 45k

No other assets and small car loans we shall keep ourselves.

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