I'm not going to post the long story as to how i've arrived at this point, but i have :(
Some facts to help with some answers from helpful people are; I'm 31, work 16 hours a week but upping that to 30 hours. Have 2 DC (DS 11 DD6), Income including wage, child/working tax, CB, CM will be around £2363 a month.
I want to try & buy now EXDH (is that how you do it??) out of our house, worth around £102k & we owe £55k. Trouble is my name isn't on the mortgage. He had it prior to meeting me & its just not something we got sorted as it meant paying a fee & tbh we thought it would never be an issue..it might still not be.
EXDH has said he is more than happy to give me the house & walk away with nothing as I'm going to be the main carer for the kids & on a low wage. However to do this he would like his pension left alone. If retiring today in these terms it would be around £23k a year that he will get.
I have practically nothing in my pot, about £2500 up until 2007 as i left work then to have our DD & only went back into employment 5 months ago. I was a SAHM in that time period supporting hubby at work & kids etc.
I have started a new one up & putting 5% a month in of my take home so based on new hours it will amount to £650 a year...bugger all really but not much i can about that right now.
What do people think about this? I did initially think if i could get a mortgage for £75k then i could give him £20k towards a deposit on a new house as even after all that's happened & the fact he's leaving me because he cannot continue to deal with DS who has Aspergers/ADHD (his step DS) i can't see him walk away with nothing at 38.
We really want to remain friends as we still love & care for each other, just both acceptant of the fact that living as a family of 4 isn't going to work any longer for us.
He earns £68k a year, annual bonus of around £4k, not long started up in a share scheme with his work where £200 a month goes into, around £400 a month into his pension etc so I know he's going to be wayyyyy better off than me in the long run.
I'm seeing our mortgage adviser today (is it really 2am) who will hopefully be able to point us in the right direction with all the correct advice, she's a personal friend to us both so we trust her completely.
If i can't get a mortgage/take it over, how easy is it to claim for housing benefit? Can anyone just apply for it to cover rent? It wouldn't be a long term thing, just 2 years until the mortgage cover ended on this house & we could probably sort it better then. I've read to get housing benefit you need to have been kicked out???
I don't really want to move the kids out of their home, esp with DS with his Aspergers, change doesn't go down well :((
I've been surviving on 3 hours sleep a night for the past 2 weeks...the ever helpful doc's can't get me in until next friday. What i want them to do i don't know, help me i suppose. I'm going to ask for counselling though is i know im going to need it...not just for this process of what im dealing with but past issues to which still affect me today..i think this would be a good idea.
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Here goes my first time separation/divorce..please help with the 1st steps
9 replies
emma16 · 30/10/2014 02:08
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