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Divorce - Stuck between a rock and hard place
mixer2011
Posts: 4 Newbie
I wonder if there's anyone on here who may be able to advise.
My partner is getting divorced, up to the point where Form Es are about to be exchanged. However, the costs are crippling and she cannot pay anymore right now. She co-owns over 50 properties that are rented out (they are used as part of a buy-to-let business that her soon-to-be ex) husband runs. She receives no benefit from these properties (whose value = the outstanding mortgage, so there's no equity, but no loss, either).
Are there any solicitors who could take this on, and get paid when the divorce is settled? There is around £20k frozen where two properties were compulsorarily purchased, so cash is 'around'.
Would any solicitor take this on from her current solicitor? At the moment, this empasse could last years, where he benefits from the revenue and she is left with nothing in the meantime. Are there any solicitors who read this and would be willing to go through the paperwork?
I thought I'd throw this open. Many thanks.
My partner is getting divorced, up to the point where Form Es are about to be exchanged. However, the costs are crippling and she cannot pay anymore right now. She co-owns over 50 properties that are rented out (they are used as part of a buy-to-let business that her soon-to-be ex) husband runs. She receives no benefit from these properties (whose value = the outstanding mortgage, so there's no equity, but no loss, either).
Are there any solicitors who could take this on, and get paid when the divorce is settled? There is around £20k frozen where two properties were compulsorarily purchased, so cash is 'around'.
Would any solicitor take this on from her current solicitor? At the moment, this empasse could last years, where he benefits from the revenue and she is left with nothing in the meantime. Are there any solicitors who read this and would be willing to go through the paperwork?
I thought I'd throw this open. Many thanks.
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Comments
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What will happen to the property empire in the divorce? And why won't her current solicitor allow her to run up the bill if she'd been paying up to now?0
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The "property empire" doesn't sound like it's worth fighting over if there's no equity on those 50 properties.0
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Having a job having some sympathy here.
So your OH co-owns 50 (not a small number by any stretch of the imagination) yet the value of the property equals the value of the mortgages.
So what is happening to the rental income? Why is he, on his own benefitting from the rental income ?2014 Target;
To overpay CC by £1,000.
Overpayment to date : £310
2nd Purse Challenge:
£15.88 saved to date0
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