marriage break up and sale of house

westlondonbuyer

Get yourself and your husband to a solicitor PDQ and get something drawn up through their mediation services. Keep it healthy and prioritise the welfare of the children.

Can I ask if your insistence on giving your husband something is because you are "the guilty party"? Because ordinarily mothers fight like tigers to keep the children and the money, and for good reason, because your career and financial prospects will probably never recover as a single parent.

I'm still suffering from the after-effects of my parents' divorce, and I'm in my late thirties and they've been divorced more than half my life.

boredwithhubby

pimento wrote: »

That's not what I asked though. If he had sold his house and put the equity into a new house for you both and you had contributed no money, would you be happy with a small share of the profit?

yes I would....a small return from no initial investment , its a no brainer really! to be honest I would be grateful to walk away with no debt considering the house I had jointly purchased had plummeted in value.

boredwithhubby

bristol_pilot wrote: »

You are being far too reasonable.

The usual practice in these situations is that the wife gets to keep the house and live in it with the kids, while the husband gets to leave yet still pay the whole mortgage. And if he doesn't like it he may find that he rarely gets to see his kids never mind 2 nights a week. 'Cos you are afraid he will harm them (aren't you).

Get a solicitor, she/he will explain everything to you. Divorce is war.

joke.....right?!!!

boredwithhubby

westlondonbuyer wrote: »

Get yourself and your husband to a solicitor PDQ and get something drawn up through their mediation services. Keep it healthy and prioritise the welfare of the children.

Can I ask if your insistence on giving your husband something is because you are "the guilty party"? Because ordinarily mothers fight like tigers to keep the children and the money, and for good reason, because your career and financial prospects will probably never recover as a single parent.

I'm still suffering from the after-effects of my parents' divorce, and I'm in my late thirties and they've been divorced more than half my life.

joke.....right?!!! guilty of what?!! dont judge me from a simple request for financial advice please. and there is no fight for the children thank you...they will live with me most of the time but will go to my husband for at least 2 nights a week. it is not even in question!

westlondonbuyer

Sorry if I got hold of the wrong end of the stick. But a user name such as "bored with hubby" does rather lead one to make assumptions about why you're so keen on a generous divorce settlement. You still must take advice from a solicitor, though, however civilised you can keep things with your ex.

la_farfallina

I got loads of information from here http://www.terry.co.uk/ which I found really useful.
It also has a forum where you can ask questions.

Registration is free.

Farf x

boredwithhubby

ok so I have had time to think about it and also do a little research and this is what I have come up with.

If I work out the value of the house when he moved in and then taking into account what we sold it for that will give me the profit earned jointly. then I take away the loss we have made on our current house and divide 50/50. does that sound fair? it actually works out to be around £7000 more than the original figure I had in mind but as far as I can see it is a fair and reasonable way to work things out.

any opinions?

Alias_Omega

Have you thought how you will survive once you have sold the house, i believe that you wont entitled to any income support with more than £16,000 in savings.

lincroft1710

boredwithhubby wrote: »

any opinions?

As has been said before, get a solicitor. Divorce/separation is messy, complicated, there are complex legal issues, and having children brings more problems into the equation.

boredwithhubby

Alias_Omega wrote: »

Have you thought how you will survive once you have sold the house, i believe that you wont entitled to any income support with more than £16,000 in savings.

I work 25 hours a week so wouldnt get income support anyway. I will also get tax credits and child benefit and I can dip into the money I have made on the house over the next year until my youngest starts school and I can increase my hours at work.