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Just separated & struggling financially

  • Heart2
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19 Jan 23 #520461 by Heart2
Topic started by Heart2
I am newly separated and trying to get my head around everything. My other half is pushing for the property to go on the market, and as I can not afford to buy my other half out, I have no choice but to go along with this. In the meantime, my other half is only paying half the mortgage and is refusing to pay towards all the other marital debt (mainly for home improvements), which is in my name. I cannot afford to pay the debts, including half the mortgage and other household debts. Lots of solicitors' websites state you should continue to pay toward the marital home as you did prior to separation up until divorce. What have other people's experiences been with this?
I do not work due to disability, and my other half's income is more than double mine, as is the pension. What sort of split should I be looking at in these circumstances?

  • hadenoughnow
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20 Jan 23 #520475 by hadenoughnow
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Welcome to wikivorce but sorry you find yourself here.

If the mortgage is on joint names you are jointly and severally liable - this means you are both responsible for the whole mortgage. Not paying would affect both credit ratings.if the mortgage was in arrears and you couldn't pay for it, he would be pursued if he has the money to pay.

Is the property in joint names? How long is the marriage. Are there children to consider? What are your respective incomes?

I would not be happy about a sale and distribution of proceeds without a clear agreement about clearing the debts in your name. Ideally this should be a legally binding order.

Hadenoughnow

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20 Jan 23 - 20 Jan 23 #520480 by Heart2
Reply from Heart2
Thank you for your response Hadenoughnow.
The property is in joint names. Marriage 11 years, one child aged 19 in full-time education. My income around £14k, other half is £30+k.
Last edit: 20 Jan 23 by Heart2.

  • WYSPECIAL
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21 Jan 23 #520485 by WYSPECIAL
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Presumably if you are not able to work the majority of you income is from benefits? Have you had a benefits check to make sure you are getting everything you are entitled to as this may have increased now that you are living alone?

Is your lender aware of the issue? If not then speak to them. Especially if there is equity in the house then they will look at payment holidays or reduced payments.

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22 Jan 23 - 22 Jan 23 #520486 by Heart2
Reply from Heart2
Thanks, WYSPECIAL
Having benefits looked at.
The lender will not allow a payment holiday due to long-term affordability issues.
Last edit: 22 Jan 23 by Heart2.

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