Divorce calculator

How do I enter a negative value for the mortgage? It won't accept a minus symbol.

Hi
Welcome to wiki but sorry you find yourself here.
I am not sure what you mean by a negative mortgage. I've not used the calculator in a long time but I think you just enter your mortgage amount.
But one thing I can share about the calculator is that it is a particularly blunt tool and its figures are not very accurate as it has to try and do the impossible.
If you are looking for advice on what a settlement might look like if you post the following a wise wikipeep can offer some thoughts on the possible outcome


Your respective ages;

The number of children you have and their ages;

How many nights the children spend with each parent;

The length of your marriage and any period of pre marriage cohabitation;

Your respective incomes;

Your respective outgoings;

Your assets - both soley held and joint;

Your liabilities.

LB

It should except the minus sign no £ sign though. But my thoughts on the calculator is that it is of no use and a mistake to use it. I think the only people that "appear" to use it are the solicitors offering their service on here. I paid for advice over three years ago and the advice I was given was the same information the calculator gave ( that may have been coincidence)

However in the real world it was not even a close.

Every case is different and even what solicitors advise based on your circumstances can only be seen as a guide. It can though be a good base for negotiating a settlement that you both agree on. The best advice is based on full financial disclosure by both parties and a thorough exploration of their needs and the needs of any children. If you do not have a co-operative ex it can cost thousands to even get to that point

If you did end up going through the courts, there is quite a lot of leeway in what a judge could order and that would still fall within what is know as the spectrum of fairness. That is because there are no hard and fast rules for division on finances on divorce. The first consideration is always need (except perhaps in a very short marriage).

You can keep trying different approaches until you get an answer you like the look of .. but if you cannot agree on that and get a Consent Order to that effect, you will be in the hands of a judge. We often say that the problem with a judge making the decision is that neither party likes what they come up with .

Hadenoughnow

You always give good advice. Friend of mine once said is the best result in settlement is you either both walk away happy or both walk away unhappy. That way nobody can be seen as having won.

Although of course your respective solicitors will be holidaying in the Seychelles