Cannot agree on property valuation

susancs

MFINN wrote: »

In what way will the 17 year old come into play? He wishes to stay living with me. Someone has told me that means I will get 60% of the agreed valuation of the property? Is that correct? If so then I am willing to take my chances and let my wife take me to court, which she is threatening to do in order to get a "court-ordered" valuation.
My view is that she will be wasting both our money in solicitors' fees.

This thread on netmums may be of interest to you as it sums up what my friend was told by her solicitor when she divorced two years ago and had a 13 year old daughter living with her i.e. that there are no set rules as to property split and you are at the mercy of the Judge's decision on the day if it goes to court. She ended up with a half share of the property when it was sold, child support payments and had to pay half the legal, fees costs in relation to the house sale and her own solicitors fees in realtion to the divorce as ordered by the court.
http://www.netmums.com/support/divorce-and-separation/divorce-and-your-finances/divorce-or-separation-what-happens-to-your-home

Treevo

Is your wife paying child support of 15% of her income? If not - get onto the CSA.

traleegirl

I have a sixteen year old living with me and still only got 50%...you really are at the mercy of the judge! Thankfully I was able to claim legal aid so didn't have to pay out the horrendous legal fees racked up by my ex arguing over every single point..