Does anyone know if I have any options in my current position:
My ex and I separated a few years ago. The house we jointly own is about to be put on the market and we agreed the equity should be shared 50:50. This was agreed at Court by us both and put into a Court Order. We agreed 50% each as we did have equal Shared Residency of our 3 children and had a financial arrangement by which all costs for them were shared equally, my ex didn't pay maintenance of course, due to the above, and it was all working well...
BUT things have changed since Court (12 months ago) and now the children live with me full time and stay with my ex every other weekend. My ex is very bitter about the above change in residency (which is now Court Ordered) and has quit a long term and steady job to avoid paying maintenance (and told me this is why saying they are looking into going self employed as can dodge maintenance that way too!) Ex is not working according to HMRC and is not claiming benefits either (according to CMS) so I can only assume is being supported financially by family for the last 6 months. I have had to reduce my working hours to part time to be able to care for the children and as such am now on a reduced wage with 3 children and no maintenance.
My question is, is there any way that I may be entitled to more than 50% of the equity in the house once it sells? Ex is now living with their parents and I am living in a rented council property so neither of us want to live in the house and both need the money so it does need to be sold. However, as the children are now with me full time and I receive zero maintenance for 3 children is there anyway I can either change the order stating 50:50 or apply under Schedule 1 Children's Act (got this from doing a little bit of research) for a lump sum from ex's 50% share of the equity upon sale of the property?
Equity isn't huge - about 50k so 25k each @ 50:50 but a larger share for me would mean I could go back to full time hours and use the money for wrap around childcare for the next few years or just to put towards the day to day costs of the children given I'm receiving no maintenance. It just seems like a smack in the face that ex will get a 25k lump sum and doesn't contribute financially to the children.
TIA
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50/50 Equity - Can I get more than half?
4 replies
diaryofawimpymummy · 08/12/2014 20:19
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