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Closed - wrong board

SameOldRoundabout
SameOldRoundabout Posts: 593 Forumite
500 Posts Third Anniversary Name Dropper
edited 22 April 2021 at 8:28AM in House buying, renting & selling
Moved to Relationships board 

Comments

  • HampshireH
    HampshireH Posts: 5,035 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    She will have marital rights. What that looks like a judge will rule as it seems like it won't be an amicable settlement. She has two choices right now 

    1) wait till her appt. Nothing is going to have significantly progressed in a week unless it's been sold for ages a d in claiming stages

    2) let the estate agent know the house is going to be subject to divorce proceedings which could delay any sale.


  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    The financial settlement of a divorce looks at the entirety of the assets of the couple. Not just "the house".

    You're best off asking here -> https://forums.moneysavingexpert.com/categories/marriage-relationships-families
  • Angela_D_3
    Angela_D_3 Posts: 1,071 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    She had no chance to be blunt,  i spent £20,000 of my money and had to pay him £20,000 in costs trying to stop the above.  Judges exact words were whilst you may have the moral high ground,  you cannot prevent this poor man moving on from his marriage and building a new life.  Yes poor man who left his 4 children homeless.  
  • Thanks both. Do you know how to get a thread moved? I don’t want to create duplicates and confuse things. 

    The house is the only asset. She walked away with nothing, not even furniture, after he told them to leave. He opted out of work at the same time so has spent all the savings on living up until now. There’s no other assets at all other than two cars. 
  • Scotbot
    Scotbot Posts: 1,546 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Thanks both. Do you know how to get a thread moved? I don’t want to create duplicates and confuse things. 

    The house is the only asset. She walked away with nothing, not even furniture, after he told them to leave. He opted out of work at the same time so has spent all the savings on living up until now. There’s no other assets at all other than two cars. 
    Just start a new thread in the relationship forum  then delete this one
  • Angela_D_3
    Angela_D_3 Posts: 1,071 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Hit return too soon:
    Theres nothing she can do to stop that sale.  The estate agents wont take instructions from her.  

    I had evidence of £25,000 paid towards the deposit,  proof id paid the mortgage for 10 years,  proof id renovated it.  Counted for nothing. 
    He may get ordered to pay her something - and she can put charges against his new house to secure that lump sum. But whether she ever sees it is another matter.  
    Basically all the equity will go to the lawyers.  Which might be better than letting him have it.  
  • Sistergold
    Sistergold Posts: 2,157 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    She had no chance to be blunt,  i spent £20,000 of my money and had to pay him £20,000 in costs trying to stop the above.  Judges exact words were whilst you may have the moral high ground,  you cannot prevent this poor man moving on from his marriage and building a new life.  Yes poor man who left his 4 children homeless.  
    @Angela_D_3 really and truly? Terrible stuff! Best policy for anyone in a relationship is never ever put money where your name is not! No matter how in love you are! 
    Initial mortgage bal £487.5k, current £238k, target £122k (quarter way!)
    Mortgage start date first week of July 2019,
    Mortgage term 23yrs(end of June 2042🙇🏽♀️), 
    Target is to pay it off in 10years(by 2030🥳). 
    MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    MFiT-T6#27
    To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
    To save £100k in 60months start 01/01/2027
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
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