To sell or not to sell?

(3 Posts)
gettingabitworriednow Thu 27-Feb-14 19:17:40

I don't really know where to post this but need some advice so here seems a good place to start.

I am in the process of separating from dp. So far it's quite amicable. We have 2 young dc and both really want the best for them. We have just grown apart.

I am English but have been living abroad for some time (in dp's native country). Our dcs were born here and I'm happy to stay here for the foreseeable future (just as well cos I am legally obliged to - or at least the dcs are).

We own our house and both own substantial equity in the house.

Dp can not afford to buy me out. I could afford to buy him out, but only if I sell my flat in uk (have never lived in it/will never live in it - just a rental income and something just in case).

I can't see myself returning to uk ever.

Should I sell my flat there and buy him out of our current house abroad in order to carry on living here with the dcs?

Or should we just sell up, and I downsize and keep my flat in the uk?

I really don't know what to do for the best.

Theoldhag Fri 28-Feb-14 09:10:32

It would depend on if you think that a bolt hole in the uk maybe needed at some point in the future or not.

If you do not wish to move back to the uk then sure sell the flat. But I would see it as a bit if security for unforeseen things.

There are pros and cons for both options.

<not very helpful.....sorry>

gettingabitworriednow Fri 28-Feb-14 18:41:09

Thank you so much for replying. It was helpful - you have confirmed my thoughts really. It can't be used as a bolt hole as due to The Hague convention I can't leave the country with the kids without dps permission and it is rented out so someone else is living there anyway.
The equity would make a huge difference to me if I transferred it here so I think that's what I will have to do.
Mentally it's scary though, knowing I am cutting my last tie with the uk sad

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