Splitting up - what happens to the profit from the house sale?

thorsoak

There seems to be a lot of hostility in this thread ....this is a woman splitting up from her OH, with small children, who is worried about her future - ok - so she's unrealistic about "keeping" her proceeds of any sale - but why are the lions closing in for a kill?

Normally, someone in her position is given a lot of support - is it because of her initial approach? Different people react differently to situations!

friendofchocolate

Thank you to those who appreciate my predicament. I accept wholeheartedly that I am nowhere near as badly off as a non-homeowner; this board is my first port of call before talking to anyone really, as I am saddened and embarrassed by the failure of my relationship - noone IRL actually knows we are splitting up yet. I'm not, however, a "grasping little creature" - luckily that just made me laugh, hope it made you feel better, *Dylan*. You and *the_cat*, I'm not greedy or grasping, admittedly naive, but simply wanting to see my children all right, both now and in the future.

Maybe the problem is that I'm trying to see long-term rather than short term. That being the case, calling me a moron is extremely unkind and way off the mark. But it's great fun to have a go at someone on an anonymous board, no?

Thanks for all the helpful advice and queries, especially to *Gigglepig* for all those good points. Yes, I suppose staying in the house is a possibility - I\m just exploring all the options and my gut feeling is that I want to get out of the place, but obviously would do what's best for the DC.

Thank you, *Thorsoak*, I appreciate it.

jetplane

Thorsoak - My post is certainly not hostile my questions are genuine.
I would not expect a single mother of an 18 month old to be selling the property and splitting 50/50 with her partner if he is the babys father. If she stays in the house she won't have any capital and can claim benefits including help towards her mortgage.

Sorry this crossposted with the OP. If your post says I am about to split with my partner, I have young child /children and no earning potential in the near future you will be inundated with wise advice.

Mojisola

babymoo wrote: »

So is the rest of this generation, we all have to pay rent, bills etc and can't all sit on a nice nest egg whilst getting handouts. You sound a little like a spoilt brat tbh. You chose to have children, you live with bringing up the little darlings but that means you don't get to have nice savings unless you work and can afford both.

So did her OH but he could walk away with £40k in his pocket and carry on working full-time.

friendofchocolate

Thank you, Mojisola.

Dawning, it's so crazily skewed of you to bring up that thread from 2009. Anyone reading it in full will see that all I am after is financial SECURITY for myself and my DC - not abundant flowing wealth or rivers of gold! - in my current position as SAHM. I'm just trying to INFORM myself here and be armed with as much knowledge as possible to go forward from here. Seriously, you were just stirring.

friendofchocolate

Jetplane, perhaps I should just start again with a new thread, then, eh? ;-)

DylanO

Mojisola wrote: »

So did her OH but he could walk away with £40k in his pocket and carry on working full-time.

And pay taxes, and maintenance, while the OP gets the luxury of not having to work. Let's not forget that he is the one that paid for the house, and not her.

Is there a particular reason that he should pay for his children but she should not?

friendofchocolate

"Let's not forget that he is the one that paid for the house, and not her."

No, that is not true.

DylanO

friendofchocolate wrote: »

"Let's not forget that he is the one that paid for the house, and not her."

No, that is not true.

So why do you refer to it as his house? In your other thread - unless you earned a great deal of money, building up £80,000 of equity doesn't happen overnight.

the_cat

Ok I admit I probably went too far and have amended my post.

This thread has really hit a nerve with me today. Maybe the way your posts came across was not how you really feel and not what you really intend to do. But there has been a lot of talk of basically trying to hide your money in order to defraud the taxpayer. You can't post stuff like that and expect a favourable response:eek:

There are millions of people in this country surviving on no savings at all, working hard, paying taxes AND bringing up their kids. It is an insult to even suggest doing what you have to all those people whose tax would be paying for your fraudulant claim