Can anyone give me an idea what I should be entitled to?

(5 Posts)
Helpmeltb Wed 04-May-16 22:12:55

Basics are:
Married 10 years, 2 dc. I spent approx ours as a sahm but have returned to work.
His salary is approx 50k plus company car.
Mine 22.5k
Both full time.

Mortgage on current house with approx 40k equity. He doesn't have any money to buy me out with a lump sum.

The plan is probably for me to rent and have dc 4 nights per week. Current house is too expensive for me.

Any idea what would be considered a fair financial split/arrangement?

Helpmeltb Wed 04-May-16 22:13:36

*8 yrs as a sahm

Fourormore Wed 04-May-16 22:17:28

You need to speak to a solicitor - financial settlements are too complicated for anyone here to be able to advise you.
However - I will say - do not leave the marital home. I did that. Worst thing I ever did.

HeddaGarbled Thu 05-May-16 00:34:04

The norm would not be that the lower earning partner rents while the higher earning partner stays in the family home. If he can't buy you out, you will probably have to sell. Then you could expect to receive a greater portion, possibly all of the equity, because you have a much lower income and presumably pension.

He wouldn't have to pay much maintenance because he will be having the children for nearly half the week.

You could negotiate an agreement whereby you don't force the sale of the house in return for generous maintenance. However, it isn't right that you spend the rest of your life renting while he keeps the family home.

As said above, you really, really do need to get legal advice, even if you just pay for one meeting to understand what you are entitled to.

Helpmeltb Thu 05-May-16 17:42:22

That I'm struggling to fit in seeing a solicitor. It's not easy for me to take time off work to see one. I was hoping someone might have an idea what would be 'typical' where the salaries are this different, etc.

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