I have just told DH that I want us to separate. It is a long story, but we have been married 22 yrs and have DC of 12 and 13. We jointly own a good proportion of our house, with a mortgage of around £100k. Neither of us woukd get a mortgage now, as we got ours 20 years ago when we both had proper jobs.
We will have to sell the house at some point. The DC will mostly be with me, though one is at boarding school so is not at home much during term time.
We own four buy to let properties jointly, all with mortgages. They are our sole source of (joint) income.
I think DH and I both need to buy something mortgage free - but how would the monies from the sale of the family home tend to be divided? And would I still be entitled to a 50% share of the rental property income, even though I am the one who has decided that our marriage is intolerable? Our other source of income is his pension - though would he have to use some of that to pay for the children? We also have significant school fee bills to pay, which are scary beyond imagining. Any insights woukd be very welcome...