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What is a 'normal' settlement?

(6 Posts)
CreamTeaTotty Tue 17-Jan-17 13:59:42

So the petition has arrived and he will get it when he's home from work.

I'm trying to work out what a 'normal' settlement, based on need, is likely to be in my circumstances. I know they start at 50/50 on the house (mortgaged in his name, but with sizeable equity).

He earns 57K from a full time job.
I earn 6K and I'm on Tax Credits.
I can't get a mortgage as my earnings are low and credit history not good.
There aren't really any other assets.
We have two children aged 10 & 14.

Surely I'd get more than 50%?

I know all cases are different, but my circumstances can't be unusual.

ErnieAndBernie Tue 17-Jan-17 14:09:02

I went on something called wikivorce yesterday and they have a calculator where you can input all of this and it will give you an idea of what you might be entitled to. Might be worth a shot. Although if you can find any other online ones I'd do those too and take an average.

CreamTeaTotty Tue 17-Jan-17 14:30:01

That was helpful Ernie

Came out at 70% for me

Which makes me feel much better

PigletWasPoohsFriend Tue 17-Jan-17 14:36:00

There isn't really a 'normal' tbh.

Each case is individual (although within guidelines)

CreamTeaTotty Tue 17-Jan-17 19:19:20

As I understand it it's based on need, rather than what anyone has done / not done. And the children come first, followed by the main carer (me).

Therefore, as our assets and salaries are completely different (he has the massive salary and house in his name) it can't really go 50/50.

Moanranger Wed 18-Jan-17 19:08:01

You are right that there is no normal, but as you have young children, you may be able to stay in the house & divide equity later. If you don't have a solicitor, I suggest you get one. Good luck!

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