H & I are in the process of separating and he is determined to go for a 50-50 split of the equity in our home. We don;t have much else in the way of assets and 50% will not be enough for me to buy a new house.
I can afford a small mortgage but I think our mediator is suggesting the possibility of making up the shortfall with some kind of mesher order.
Does anyone know if this can be applied to a new home rather than the matrimonial home (I can;t afford to stay in it) and is it a good idea?
H wants to stay in the matrimonial home and increase his mortgage - that's up to him, of course.
My earning capacity is low atm as I only work p/t but when DS is older I would be planning to work f/t and the amount of the order would probably not be impossible to repay (given that by that stage I should have paid off original small mortgage and could remortgage if necessary).
I wouldn't be expecting to pay the order back to H on inflation / house price increase alone.
Please or to access all these features
Please
or
to access all these features
Mumsnet has not checked the qualifications of anyone posting here. If you have any legal concerns we suggest you consult a solicitor.
Legal matters
Mesher Orders - does anyone have any experience please?
5 replies
KrispyKreme · 30/10/2009 12:01
OP posts:
Please create an account
To comment on this thread you need to create a Mumsnet account.