Reasonable Divorce Arrangement?

elsien

But having a house share or lodgings will mean that they can’t their son overnight. And a year is a not only a long time to go without that level of contact, It could also set a precedent for the future. Not something that I would be willing to do. 

VyEu

You haven't said what her mortgage capacity is. That's crucial. It's all well her having £100k from the house sale but if she can only raise 50k by way of mortgage than that's not enough to meet her needs is it? What's your income, what's hers?

What about another savings, no matter whose name it is in? Pensions? 

No one can give you any actual guidance without this info.

freesha

Any chance of you buying HER out?

Exodi

weddingringman said:

She is however saying no to this; that it will ‘disrupt our son’ and that she will not get something ‘as nice’ as the place we currently own. She’s talking about going back to her solicitor who indicated she may be able to stay, even if she can’t get the mortgage. Mesher?!

Classic, if we had a penny for every time a divorcing party expected to maintain the same standard of living post divorce... despite now needing to fund two households.

Likewise with her solicitor telling her she's entitled to whatever she wants, coupled with the "disrupt our child" catch-all justification.

I've seen people talk about Mesher orders on this forum, and I've seen a lot of accounts where after a decade or so of waiting for the child to become an adult, the ex decides that they don't actually fancy selling the house.

VyEu said:

You haven't said what her mortgage capacity is. That's crucial. It's all well her having £100k from the house sale but if she can only raise 50k by way of mortgage than that's not enough to meet her needs is it? What's your income, what's hers?

What about another savings, no matter whose name it is in? Pensions? 

No one can give you any actual guidance without this info.

The OP clearly said "My wife has a good enough part-time income, which coupled with the equity from the sale of our home, would buy another nice, but slightly smaller/cheaper house in our town. Big enough for her and our child. (Circa 200-225k purchase price)."

Which would suggest she earns around £22k-£28k ish.

Likewise the OP said "I could buy a nice house for 200k" which suggests he earns around £22k ish.

This is assuming they split the proceeds 50:50 (as the OP later confirms "either buy me out (at an already reduced rate), or sell and we split at the same proportion")

From what he has said, it sounds like it would be enough for both to purchase a new property without too much drama. They certainly don't live in the South East!

Exodi

freesha said:

Any chance of you buying HER out?

She doesn't want to leave the house or sell it because 'disruption', so there's nothing to suggest she would be OK with leaving/selling to the OP.

It would only be relevant if OP was primary care giver.

freesha

Exodi said:

freesha said:

Any chance of you buying HER out?

She doesn't want to leave the house or sell it because 'disruption', so there's nothing to suggest she would be OK with leaving/selling to the OP.

It would only be relevant if OP was primary care giver.

Just putting it out there as a suggestion.