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How did you mitigate financial impact on DC after LTB?

29 replies

RunningToNotFrom · 25/10/2022 10:44

I am interested to hear from women who have left their relationships in circumstances which meant a significant drop in living standards and security, as well as logistical upheaval for themselves and their children.

How, if at all, were you able to mitigate the impact on your children of such a move? How has it worked out? Any unforeseen hardships, or even benefits, I should consider?

For context:
I am thinking of leaving DP of 20 years, the father of our 2 DC (pre/teen). I am higher earner by a whisker, both public service professionals, late 40s) on very modest salaries.

He insists on a 50/50 split of assets (savings and sale of small 3-bed semi, both would walk away with approx £180k).

Neither of us can buy the other out.

Neither will be able to buy anywhere in a 10 mile radius of our area, not even somewhere tiny with a mortgage.

Options are complete relocation or financial insecurity in private rented.

I feel reluctant to completely relocate out of county / area on account of my job (education, no option to WFH remotely), DC schools and friends, SEN support and caring responsibilities for aging parents.

Private rented would be financially crippling; I would need to spend the money from the sale of the house and savings on rent, thus scuppering any hope of ever buying again. Yet I think this is the only option and I'm gutted that everything I've worked for is going to go down the pan.

We already live pretty frugally, so it's not as if the DC are used to a life of abundance; but they know we can pay our bills and buy essentials. I'm loathed to take this basic security away from them. I know it's the right thing to do, but feel so unreasonable for thinking of uprooting us all. There's no DV, but DP is so hard to live with: hot and cold and often grumpy, bossy and blaming. Tried all avenues to work on relationship, no dice.

Anyone up for sharing honest (and hopefully encouraging) accounts of post-LTB when financial outlook is bleak?

OP posts:
whatever1980 · 26/10/2022 13:52

If kids are under 18 can't he not make you sell until they're older? So he moves out and you pay mortgage and when do sell he only gets portion he's entitled to (not your mortgage payments). Get legal advice

RedHelenB · 26/10/2022 14:02

It's not what you want to hear but I'd look to move area completely, to where you can afford a 3 bed. Teachers are in demand, you will find somewhere suitable for your SEN child, as you have the advantage of knowing how to advocate being on education. You've got to think of your future as well as your children's .

RedHelenB · 26/10/2022 14:03

NextPrimeMinister · 26/10/2022 09:32

Don't forget you'll likely get universal credit help too, even if you have a mortgage rather than rent.

Please don't rent if you can. I've seen a friend in your circumstances go and rent, and over the last 10 years spent her sizable deposit and now has zero chance of ever buying her own home. I can't imagine what she will do when she needs to retire but still has rent to pay.

Unlikely on a teachers salary tbh.

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Laurdo · 26/10/2022 14:24

Don't rent! All that'll do is make it harder for you to ever work your way back up to where you want to be. Kids are resilient and it's much better for them to be in a smaller house than to be in a big house with parents who aren't happy.

I think you need to look further a field than 10 miles. Moving jobs and kids school isn't ideal but it's not an ideal situation and you just need to do your best. Maybe getting a fixer upper isnt a bad idea. If you have the time to put the work in you could sell and make extra cash for somewhere bigger.

My DP and his ex had a beautiful big 4 bed detached house. When they split he rented a small 2 bed house for almost a year before we bought our current 4 bed. He slept on the couch the week the kids were there so they had their own rooms. The kids didn't seem too bothered. His ex moved into a small 2 bed house too which she's still in. As far as I know the kids aren't really bothered. They have their own space at both parents and they're warm and dry.

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