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Hi
I just have a couple of questions.
I have split up with my ex about 6months ago. She is staying in the marital home with our kids aged 4 and 7. I an currently paying £180 a week for the kids/morgage plus the £85 a week rent I pay .
The house is up for sale and if sells we are haggling on the split 70-30 or 60-40. No she informs me that she may not want to sell so where does that leave me in what do I pay ?
Does she have to provide me with some equity out of house ?
Any advice would be much appreciated
I would strongly advise that you see a divorce lawyer for at least a consultation - it could cost you a lot if you get this wrong. However, I would try to keep it amicable with your ex is possible otherwise solicitors fees could swallow up any of the gains you make.
Hi there
I agree with actd, with finances and divorce things can get complicated, a solicitor would be able to offer you some solid advice.
She can't be forced to sell the house by anyone other than a divorce judge, taking divorce through the courts can be very expensive so as actd has said you need to be careful that gaining your equity doesn't coat so much it's not beneficial.
If she won't sell at this point, the options are that she could either RE mortgage in her sole name and buy you out, or you could freeze your percentage of the equity until such time that she can afford to buy you out .
The one thing to point out is that whilst you are named on the mortgage you are still liable to make payments against it, if your ex agrees to cover it and freeze your assets until a later date if she defaults on the payments then the mortgage company will look to you to cover them as you are still named on the mortgage
GTTS
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