dp says he’s leaving in 3 months no financial help during pandemic

[flopseyR72]

I feel like I can’t make a decision.
dp says he is going to move out of our rented flat in three months it’s 2k a month so I can’t really afford it own
I pay all my dc nursery fees myself already
I was going to buy a house before lockdown in Essex Greater London but now I’m really nervous about a house price crash and recession.
My dd needs to start school in September and has a place locally.
I thought would have moved by now but didn’t do anything during the lockdown
My job is secure nhs
I earn good salary
My dp and me need to split up I don’t like him and I’m not upset about it
I just don’t know what to do about buying moving or renting. I want to give my dp stability I have moved four times since dd 4 was born.
My dp says he can’t afford to give me anything as he’s going to rent himself
I feel really unsure.
What would you do. Buy now although economic recession is looming and local house prices are grossly inflated here or rent somewhere smaller

I wouldn't be buying now, no, especially not in a very expensive area. I would however be making a CMS claim.

You earn 5x more than most people and you can't afford to live. jesus Christ.
Move somewhere cheaper NHS can work anywhere.
you are both parents and will need to cut your cloth accordingly to what you can afford.

My dp says he can’t afford to give me anything as he’s going to rent himself

I pay all my dc nursery fees myself already

You have backed yourself into a corner. Your 'DP' is legally obliged to provide for your DD. "Doesn't want' and 'can't' don't come into it. How will she feel growing up, knowing that her Dad couldn't be arsed?

You say you're not bothered by splitting up. Ask him to leave today in that case and sort your life out as a single parent.

I would be more concerned about house prices rising than falling. Divorces (1 house becomes 2) plus the coming economic crisis and people desperate to put cash in something "real". That and the HK new UK citizens on their way - who need housing and come from a culture which deeply values home ownership and property investment (Boris isn't stupid - or acting from kindness - he is propping up the property market). Seen this all before. Prices could crash, but they could also rise. If you can buy a house for a mortgage payment the same as affordable rent, and can keep up the payments, that will be a win.

Whatever else you do just make absolutely sure you have protected any claim on the house! You are considering buying before divorce and while he probably isn't thinking about it now once a lawyer becomes involved he may try to claim a part as part of the settlement.

I'm not sure what your setup looked like but just do a bit of research into the dynamics of what you relationship looked like as those may become apparent as part of the divorce and what his solicitor advises him to include. Of course I'm filling in gaps and may have completely got the wrong end of the stick!
You were the main earner so did he fill in the childcare house care?
Did his career take a backseat to allow you to rise in yours?
Do you see where I'm going with this?

Yes, it would make me nervous tbh. I guess your options are carry on renting for another 6 months or buy. If there is a crash, you may find it really difficult to find somewhere to buy in your area though.

Is the tenancy joint? Get a CMS claim in today, you can be separated and live under the same roof.

you should be able to rent the place by yourself for a few months on your salary, why are you paying all the nursery fees, surely your DP could look after your DD instead

You will easily get a mortgage on that salary - Im in Essex and live in a 3 bedroom semi bungalow which is worth about £330k so this area is def affordable to you. Rent somewhere first and then see what's what.

Cannot even entertain your moaning if you are on 100k
But I doubt you are
Because you seem to lack general basic knowledge

Can you not look for a house slightly further out. I'm in greater london Essex area and house prices are around 400K for 3 bedroom house so perhaps you need to rethink your choice of area. I moved here for the good schools.

I of course am not saying to play unfair! My last post almost alludes to hiding assets etc which a absolutely am no suggesting!

I just mean start getting yourself prepared, put things in place to protect yourself (where appropriate) now so there are less arguments and fighting later.

Wow you earn a hundred grand a year for the nhs and can work from home? Good for you.

But for a short period you can afford the rent, so stay put, and wait to see what happens with house prices.

It's very telling that from your OP you'd think he had nothing to do with your DC's. Why do you pay the nursery fees by yourself? Had he opted out of being a parent even before now?

I would suggest you wait to see what happens in the housing market following the lockdown lifting as there is a concern the country will be on its knees financially. For a house buyer that is good news not quite so good for sellers.

Would it help to look at as long term investment.

As in yes house may drop in the next 6 months/year but prices will rise again. Are planning to move in the next 5 years or are planning to be in the house long term. In which case I would continue with the house move, as it will be more secure for your future.

Oh and yes go for CMS he has to pay for his children.

I earn 80k and my ex husband 20k. I don’t ask him for maintenance. I don’t need the money and I want him and DD to be able to afford to do things together. You don’t HAVE to claim maintenance, you should do what is right for the kids. I’d rent for another 6 months and watch the market before making any decisions or decide you are buying for a long term and that the risk of short term negative equity doesn’t worry you.

100k for poor spelling and grammar?

If you take home is around 5.5K per month and the rent if 2K then of course you can affor
d to rent alone.
You say that he earns very little so you are therefore paying the bills at present anyway so he moves out, you carry on paying rent and then look for a place in your own time....?

100k for poor spelling and grammar

I’m not sure that’s called for, she didn’t say she was n English teacher. I suspect English isn’t the ops first language or maybe some other issue at play.

I wouldn't be buying a house before a finalized divorce to be honest!

If it’s a joint tenancy surely your partner has to pay half the rent.
I would get legal advice.
Imagine if he had a business partner who just walked out and left him to pay rent on a premises etc.
Nice of him to throw his children’s mother under the bus.

Find a house where you can live for ten years. Then don’t worry about house prices going down in the short term. The security of buying and having a home for your children outweighs that. Submit a claim for CM and you’ll just get what you get

Op isnt married, she said DP not OH

not DH even*