Hi, I'm a long time lurker but have name changed for various reasons. Need some advice re the process around separating. My H and I have been together for 17 years, married for 4 with two DD, 3 and 10 months. We are separating (his choice) but it is amicable and both committed to shared care/co parenting. There are no trust issues re finances etc. Neither of us feel the need to use solicitors and have looked into mediation but it is so expensive and although as I'm on maternity leave it would be subsidised will still struggle to pay. Also we don't disagree on anything so don't really feel the need for mediation. However although there is no conflict we don't really know what we are doing. We agree that as we will bring up the children equally we won't have maintenance paid either way. Presumably we could each claim CB for one child, don't think we are entitled to any other benefits. Joint debts, i.e. credit cards we will continue to pay off together on a 50/50 basis as even though they are in individual names they were accrued jointly. Our main query is about property. We have two houses, one rented out which we want to retain and one that I will remain in with the DD's when I have them. He doesn't want any equity (even though I think he should have some) but wishes to be released from mortgage so he can get his own mortgage. We don't know how this works? Will the mortgage company then make me re mortgage? We both have poor credit ratings so this is a concern. Also, even if he doesn't have any equity now because I can't afford it how do we work out what he is entitled to at this point for me to 'owe' him? Sorry for all the questions, wondering if anyone can recommend a book/website to give us some guidance?
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