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Separation and assetdy

1 reply

Blossom48 · 09/12/2018 21:55

My husband and I are separating and there has been some domestic abuse. He is pressing for a quick move but won't consider moving out and renting. We have an off set mortagage which would mean we could liquidate the assets we have accumulated for our current house to buy a second but the mortgage and deeds would have to be transferred for our current home to one person and the assets used by the other towards a new home. I don't think i can afford to take the current mortgage over because there is only 10 years remaining but I am worried about signing over the deeds and mortgage to my husband on a promise that he will give me the liquidated assets we have. The current home if valued and split would be more than the amount of funds that could be used to buy the next house. We aren't divorced so would the discrepancy be covered in a financial settlementas we head to divorce or are named assets treated differently? I am feeling pressured to make a choice and have been assured by him that obviously he would be fair and reasonable. Given my situation I would like to believe that but am not convinced. Strictly we both have jobs and we would be looking at a 50 50 childcare which is something my husband insists on. There is more pension in his name so some of that would need sorting out too. Can anyone advise on what measures I can take to ensure that if I have to take a new home because I cannot afford to stay in this one and take the mortgage over, that I am secure and have a right to the additional equity and that he would have t o pay me the liquidated assets....this is because to sign over the house would happen first to get the process underway and getting all the assets together to put forward for a new place ...some are in joint names but quite a few are either in his or mine. Can anyone advise? Sorry for long and complex post. I also have the DA recently logged with police because of the injury and I ended up in hospital but I have not and do not know if this helps or would just sour things further for us. In my heart 50 50 seems fair but I am feeling pressured that he won't go until he has a home either our current one or a new one and I am netbous about signing over assets. I am also nervous about leaving family home re kids...they would come with me first 50 percent and I think cause of DA it is ok for me to leave but I am aware there are reasons of continuity and stability that uif my husband stays and I buy a house could be used against me. I am slightly concerned that he may want the kids more than 50 percent ...feeling quite unsure on how to move forward. Thank you !

OP posts:
Justlikedevon · 09/12/2018 22:04

Get a solicitor. Get them to sort it for you. He says he will be reasonable but in such situations it rarely happens. The free half hour people talk about on here is not useful to answer all your questions so find a good one and pay for proper comprehensive advice. Fwiw my ex and I got 50/50 On finances which meant the house got sold. Don't let him tell you how it is going to be!

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