Essentially a long marriage of 22 years. My husband much younger than me. Now with younger partner. I have remained in the marital home with my daughter who is 18 later on this year but still in full time education.
He is pushing for the sale of the house and a 50/50 split. My solicitor is saying taking into account salary difference and age difference that the split should be more like 70/30 in my favour. Me £18,000 him £55,000, pensions difference as I was a stay at home mum for about 3 years and a part time worker until 3 years ago I have no pension apart from around £24,000. His pension pot is around £200,000. He has just over 21 years working life left I have just 5.
I am trying get it so I let him keep his pension and I keep the house but he wants money out of the house to buy a new house with his new partner. If there is a 50/50 split there will not be enough for me to purchase a house as I am unable to secure a mortgage on my low salary and my age /lack of working time left. The equity in the house is just slightly more than the total pension pot.
I am aware that he and his new partner have a largish sum of money for deposit. He is going to inherit his mother's house as he is the only child. I am also aware that she (mother) has offered to sell, give him the money and live with him. I am also pretty confident that with his much younger partner, his much longer time to earn an income and his partner being in a new much higher paid job they will have no problem raising a mortgage.
He says I'm being greedy. I just want a small home I can be secure in in my retirement and something big enough (two beds) for my daughter and I until she is ready to set up home for herself. She is hoping to go to university also so I am hoping that we can continue to support her where we can. I think he's being greedy as he wants to buy a large 4 bed detached house for his new girlfriend and her children who are more than adequately provided for by their high earning father.
Am I being greedy? Am I wasting my money with a solicitor that is being unrealistic?
Any guidance most appreciated.
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Divorced but financials still to settle
5 replies
DearestMommy · 21/05/2015 21:33
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