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Advice needed regarding selling house after divorce
Comments
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Do you have any idea of how much the house value has increased since you separated?
The only equity you could potentially claim to be solely entitled to is what resulted from you paying off the capital, but you haven't paid that. The equity that comes from the house value going up is yours on the basis of you owning the property...but then so is your ex. That part is purely the result of the original investment.
The house value hasn't gone up at all since I bought the place, but there is some equity in it.0 -
I didn't read the question like that at all! - OP is only asking if 50/50 is fair, not how much she should be trying to get.
I do agree with those who have said 50/50 sounds fair in this situation.
Thank you! That is exactly what I was asking, not what that other person is suggesting.0 -
Because you know:
- exactly where the house is
- what the OP paid for it
- what prices are like in that area now
Thanks. This person has no idea, and if they did, they would know that house prices in the area have not gone up at all, in fact I'd be lucky to get what I paid for it. A house in my street recently sold for £5000 less than I paid for mine.0 -
Thank you! That is exactly what I was asking, not what that other person is suggesting.
once again, you will NEED proper legal advice, however, as it sounds like no financial clean break order has been signed (sometimes referred to as a consent order) then the financial split should be a 50:50 split include all assets, including pensions and savings as well as the house equity. Debts are a little trickier as they are not always taken equally, especially after you have been physically split for so long, similarly the savings might also be considered differently after this length of time, however i would expect at least pensions are very likely to be considered as a marital asset to be included in the 50:50 split - but remember this goes both ways, so he will have a claim to part of your pension, with the offset being taken into accountDrop a brand challenge
on a £100 shop you might on average get 70 items save
10p per product = £7 a week ~ £28 a month
20p per product = £14 a week ~ £56 a month
30p per product = £21 a week ~ £84 a month (or in other words one weeks shoping at the new price)0 -
If it's a similar house to yours (size, condition etc), you could suggest to the ex that he could end up owing you money (half the drop in value)Thanks. This person has no idea, and if they did, they would know that house prices in the area have not gone up at all, in fact I'd be lucky to get what I paid for it. A house in my street recently sold for £5000 less than I paid for mine.
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Thanks, I don't want his pension or his savings,0
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