Welcome to the DAD.Info forum: Important Information – open to read:
Our forum aims to provide support and guidance where it can, however we may not always have the answer. The forum is not moderated 24 hours a day, so If you – or someone you know – are being harmed or in immediate danger of being harmed, call the police on 999.
Alternatively, if you are in crisis, please call Samaritans on 116 123.
If you are worried about you or someone you know is at risk of harm, please click here: How we can help
Hi,
This is on behalf of my brother. He has recently split from his wife of 15 years marriage (together 20 years).
They have 2 children 15 and 8. He works off shore 2 weeks on off. She is part time hairdresser. She has moved out of family home, now living with her mum with both kids and moved them to new school about 25 minutes away from original school.
They have a house worth approx 85k with 10 years remaining mortgage at approx 50k.
My brother did a quick CSA calculation and maintenance will be around 100pm as with his work involved arrangement and the kids going to school further away it's not feasible to have 50/50 custody.
Can anyone advise on potential financial out comes.
He was considering buying her out of the mortgage but he is unsure if it will be affordable.
He has debts in his name such as loans, CCs and car finance.
Also has several pensions from previous employment.
They live in Scotland.
Thanks
Hi There,
.
I know that family law is different in Scotland but in the UK, if he were to buy her out, he would probably be looking at paying her 60-70% of the equity in the property, If he is lucky and she agrees then he could maybe work out a 50/50% split but in most cases, the resident parent would have a higher percentage so that they can find suitable place to live with the children.
.
I don't know how things work in Scotland though, so it would be worth him speaking to a solicitor to get some solid advice before doing anything.
.
GTTS
Welcome to the DAD.info forum.
We don’t like to set ‘rules’, but to make sure that you and the other dads are kept safe, we have some requests. When engaging with the forum, please be aware of the following:
- The forum is not moderated 24 hours per day.
- Many of the moderators do so on a voluntary basis. Whilst they may be able to provide some guidance, advice or support, they may not be able to deal with specifics.
- We are not an emergency crisis service so if you or someone else is in immediate danger, please call emergency services.
- If you are concerned about the safety of a child, please click here to find the support you can get for them (link to new page)
- If you are in crisis, please call Samaritans on 116 123. They are open 24 hours a day, 7 days per week.
We hope you find this forum a supportive environment and thank you for joining us.