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Divorce

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Can anyone give me some help got two children age 4 and 6 . I bought the house outright before we was married equity in the house £265k what my chances of 50/50
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  • elsien
    elsien Posts: 36,044 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 18 April 2024 at 8:29PM
    How long ago did you get married?
    what are the childcare arrangements likely to be?
    What other assets do the both of you have because it’s not just about the house? It’s about any other savings and both your pensions.
    All shall be well, and all shall be well, and all manner of things shall be well.

    Pedant alert - it's could have, not could of.
  • Thejoke15
    Thejoke15 Posts: 19 Forumite
    10 Posts
    We got married 9 years ago .  She will more than likely be the full time have the kids. Neither us have any real assets . She’s gotta better pension than me.
  • Thejoke15
    Thejoke15 Posts: 19 Forumite
    10 Posts
    Can anyone help
  • swingaloo
    swingaloo Posts: 3,476 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    There are so many variables. 
    Any savings, value of pensions, both of your employment status's and earnings, ages. Future earnings, will your wife be able to work full time with the childcare on her own.
    Do you want her to stay in the house or does one of you want to buy the other out. Can either of you afford to do this or will the house need to be sold?

  • Thejoke15
    Thejoke15 Posts: 19 Forumite
    10 Posts
    Getting divorced too my wife got 2 kids 4 6 house in my name what’s the chances of me getting 50/50 if there’s enough equity too house us both . Children will stay with wife
  • Thejoke15
    Thejoke15 Posts: 19 Forumite
    10 Posts
    No savings of any kid . She’s gotta better pension than mine. She works part time on £10,740 I work full time £29399.92 . She could move the full time  but she will be better off than me anyway with her wages an universal credit plus my child support payments. I wanna stay in the house and give her £135k which would buy her three bedroom house outright no Mortgage or happy sell at 50/50 she’s never paid a penny too the house bills or mortgage. Am I being unreasonable asking for 50/50
  • marcia_
    marcia_ Posts: 3,412 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    Thejoke15 said:
    No savings of any kid . She’s gotta better pension than mine. She works part time on £10,740 I work full time £29399.92 . She could move the full time  but she will be better off than me anyway with her wages an universal credit plus my child support payments. I wanna stay in the house and give her £135k which would buy her three bedroom house outright no Mortgage or happy sell at 50/50 she’s never paid a penny too the house bills or mortgage. Am I being unreasonable asking for 50/50
     You didn't share any bank or savings accounts? 

    Didn't pay a penny but had your children and cared for them sacrificing her working full time so you could. 

     So IMAO yes you are being unreasonable 
  • Thejoke15
    Thejoke15 Posts: 19 Forumite
    10 Posts
    She worked part time when I met her
  • Alderbank
    Alderbank Posts: 3,901 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    edited 22 April 2024 at 1:37PM
    Chances are somewhere between 0% and 100% from the very limited information you have given us so far.

    Two very basic principles are (a) that the welfare of the children has priority and (b) the longer you were married the closer ownership of things either party brought into the marriage tends towards 50:50.

    Can we assume that the house was 100% owned by you when you married, there was no pre-nuptial agreement and the family only owns and occupies one residence?

    Factors we need to know include:
    1. the ages of you, your wife and the youngest child
    2. you and your wife's current earnings and earnings potential
    3. other assets and potential assets for either of you such as pensions or inheritances
    4. your wife's intentions after divorce: will she buy a new home, move to a new partner's home, stay in the marital home as a single mother or stay in the marital home with a new partner?
  • Thejoke15
    Thejoke15 Posts: 19 Forumite
    10 Posts
    edited 22 April 2024 at 1:37PM
    I am 38 she’s 29.  Youngest child is seven the other is nine. Been married eight years . I earn 29k her 10.k . I couldn’t possibly earn more she could . Don’t have any other assists at all.  She wants to stay her the home I wanna give her enough get another one.
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