I have run my bits and pieces through the Divorce Calculator, and one thing struck me, the house about 60K in equity in it, although we have redemptions of 10.5K, and the calculator says it would be split 60/40 in my favour, but my solicitor is advising me that I have a good chance of having the house awarded to me in full, as to buy something in the same area I would need this plus the maximum mortgage I can get to fund even a modest property.
H earns 55K plus 8.5K car allowance and I earn 31K, and currently gives me 500 per month towards care for imogen, his solicitor tells him he has no duty towards me, despite the fact that with the debt I have (mostly marital, some due to trying to stay afloat since he left last feb) I can not afford to buy a smaller property for Imogen and I to live in.
CAn anybody advise as the solicitor is expensive and I do not want to keeo fighting if I am not going to get anymore for all the grief.
H has previously offered 60/40 split plus 500 per month.
This leaves him with 2800 per month and me with 2600, but I have substantial debt (19K) and he has none, and I have the home, activities for my daughter etc to fund.
She was a very active 10 year old, horse riding/gym/netball/music lessons, I have had to stop all these as I just cannot afford it any longer, and for the last two weeks have not had money for food/petrol, I am getting into debt with family and cannot see a way forward
Hello its not an easy one to answer and its a chioce only you can make, and it depends on the equity of FMH, the wiki calculator seems pretty good.
I think if it went to fdr you should get a better deal than you have been offered considering the debt daughter and his higher earnings.
So what you might get if you fight against the sols costs would you accept his offer if he accepted the debt and say offered £600 a month?