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Financial Proceedings

  • tastic
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9 years 2 months ago #284890 by tastic
Replied by tastic on topic Re:Financial Proceedings
Adam12 wrote:

I have some question regarding the Consent Order:

1. If property is (bought) located abroad, should the price of the property be shown in both British pounds (at app.) and foreign currency, and at which exchange rate (official – Central Bank of Foreign country or market – say, yahoo.com)?

2. When stating the ownership of the property, which details of the property are needed (address, price, when property bought) in Consent Order? Or is it enough to give the address only?

Many thanks for your help!

1. The only rule is that the information should be clear. I suggest it is best to show the value first in the local currency, and then in pounds (showing somewhere what exchange rate you use). There is no hard and fast rule about where to get the exchange rate, I have always used oanda.com.

2. The address is enough, but ideally also state the HM Land Registry number if you know it, as that is the definitive reference for every property in England and Wales.

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  • Shane Jimison
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8 years 11 months ago #296977 by Shane Jimison
Replied by Shane Jimison on topic Re:Financial Proceedings
It is always advisable to try to reach a financial settlement with your spouse on a voluntary and amicable basis. I think that anyone concerned about the financial aspects of their relationship will need specialist legal advice .  If your spouse does not wish to finalize financial matters, ask yourself why.

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