DP and I are splitting up after 20 odd years together. He’s being having an emotional affair with someone at work, and is walking around the house like billy big bollocks. I am done and to be honest I am embarrassed about all the shit I have put up with over the years.
financially we will be okay, however our two children will still spend time at home. They are both at uni. They will stay with me, they have said they don’t want to stay with their dad, that’s their choice. That’s a whole other story about why they feel that.
obviously I am therefore going to have to look for a bigger property with at least 2 bedrooms, DP is looking at 1bed properties. The difference in price is anything between 50 to 70 k. The plan was to split all monies down the middle. So it looks like I am going to come out of this worse off.
i have suggested that I stay in the house for another 5 years until the kids have totally left home and we can buy an investment property for him to live in now. At 60 we will sell the house. Then split the finance. We own the house outright with no mortgage, it’s worth about 440k.
The benefits to this are the DC’s will still have a home for the next 5 years. We won’t have to spend a massive amount of money in the next couple of months doing the house up ( it needs loads of work) DP can be in his new property within a couple of months where he can take his relationship further ( god help her). My thought is that DP has instagated this split so needs to understand he can’t have it all his way. He’s thinking about this suggestion, obviously to him the idea of moving on quicker is a bonus. We will need to a solicitor to ensure no one is taking advantage of the other.
Are there any downsides to this plan and what other options would there be for me to not have to be financially worse off than DP because of the property I will need.