Divorce proceedings
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That would make sense, so let her buy you out. I don't see the issue. All you need to do is have somewhere safe and secure for you and your children.
She's not going to buy me out tomorrow. This negotiations/processes could go on well beyond 6 months. She's saying she's not willing to split the equity in half as her dad contributed more.
So in the meantime I don't know what to do. Surely its essential that between us we continue paying the mortgage that we have both committed to?0 -
trojan10_om wrote: »She's not going to buy me out tomorrow. This negotiations/processes could go on well beyond 6 months.
So in the meantime I don't know what to do. Surely its essential that between us we continue paying the mortgage that we have both committed to?
It could be worth asking if you can switch to interest-only while you sort things out.
You will need to rent somewhere that's suitable for the children to stay with you. You can't sofa surf for months because your wife has decided the marriage is over - the way the break-up happens has to be fair to both of you.
If her parents are wealthy and will be able to pay for legal advice, it would be worth going on the websites for separated fathers and getting advice about how to manage the split.
https://www.wikivorce.com/divorce/ is also useful.0 -
I've done the 'entitled to calculations' to the best of my knowledge.
It looks like she could be entitled to the following per week:
£140 maternity pay
£85 working tax credit (can she get that on maternity??)
£117 Child tax credit
£34.40 Child benefit
Would you expect that to be available to her instantly?
I'm thinking my contribution could be a percentage towards the mortgage (while I'm still 50% owner) and then 16% child maintenance from the remaining.
I will now read up on the other links provided for extra info.0 -
trojan10_om wrote: »She's not going to buy me out tomorrow. This negotiations/processes could go on well beyond 6 months. She's saying she's not willing to split the equity in half as her dad contributed more.
So in the meantime I don't know what to do. Surely its essential that between us we continue paying the mortgage that we have both committed to?
You're married. What her dad put in was a gift, tough luck I suspect.
- You could always just move back in to prompt negotiations....
In the meantime, yes it's essential the mortgage is paid, but it's hardly your responsibility.0 -
I've just this minute received an email from her saying she can definitely not receive any form of benefits until she goes back to work (other than the £140 maternity pay).
Is there any way I can verify this?0 -
trojan10_om wrote: »I've done the 'entitled to calculations' to the best of my knowledge.
It looks like she could be entitled to the following per week:
£140 maternity pay
£85 working tax credit (can she get that on maternity??)
£117 Child tax credit
£34.40 Child benefit
Would you expect that to be available to her instantly?
I'm thinking my contribution could be a percentage towards the mortgage (while I'm still 50% owner) and then 16% child maintenance from the remaining.
I will now read up on the other links provided for extra info.
yes she would be entitled to them straight away, well as soon as she has contacted he necessary people, i do not believe these are back dated any way so she needs to contact them asap
child maintenance is BEFORE everything except pension contributions!!! use the online calculator to work out how much you need to pay.
and you need to be clear that you can not and will not be able to pay all your wages into a joint pot for 6 months and sofa search for all that time.
if she wants you to contribute everything, you will HAVE to move back into the house.Drop 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 -
trojan10_om wrote: »I've just this minute received an email from her saying she can definitely not receive any form of benefits until she goes back to work (other than the £140 maternity pay).
Is there any way I can verify this?
https://www.gov.uk/tax-credits-if-you-have-babyTax credits if you have a baby
You can claim tax credits if you have a baby or get more money if you’re already getting tax credits - you must apply to see exactly what you can get.
Tax credit Approximate amount
Child Tax Credit Up to £3,325 per year
Tax credits for childcare while you work Up to £122.50 a week (1 child)
Up to £210 a week (2 or more children)
You won’t get 100% of your childcare costs
Working Tax Credit Up to £1,960 per year
Even though you’ve stopped work to have a baby you’re entitled to get Working Tax Credit for:
the first 39 weeks of maternity (or adoption) leave
your period of ordinary paternity leave
To qualify, you must have been working at least 16 or 30 hours a week before your leave. The actual number of hours depends on your circumstances.
Use the tax credit calculator to work out what you can get.
How to claim
You can:
apply for tax credits - if you’ve not applied for tax credits before
update your claim - if you’ve already applied for Child or Working Tax Credit
To update a claim, just contact the Tax Credit Office - you don’t need to fill out a claim form.
When to claim
Tell the Tax Credit Office within 1 month of the birth so your claim can be backdated to the date of birth. If you don’t, your tax credits will only be backdated by 1 month from the date of your claim.
Example
Your baby is born 1 September.
You tell the Tax Credit Office on 1 January so your tax credits get backdated to 1 December.
If you’d told them by 1 October you’d be getting tax credits from 1 September.Drop 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 -
trojan10_om wrote: »I've just this minute received an email from her saying she can definitely not receive any form of benefits until she goes back to work (other than the £140 maternity pay).
Is there any way I can verify this?
Does it matter?!
She is entitled. She just wants both the benefits and YOUR MONEY.0 -
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trojan10_om wrote: »I realise she is out for all she can get, but I wouldn't expect her to lie about benefit entitlement.
Well she is, sorry pal.0
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