We're in the process of separating & trying to do everything amicably & what is best for the dc.
We have a £97k mortgage on a house worth &550k in a ridiculously expensive area & 2 bedrooms that we don't use.
Original plan was for dh to move out & rent somewhere while I rent out our two rooms to cover the mortgage (I work part time but only earn 1/2 mortgage costs pm)
We thought this best as the kids get to keep their home for the time being (albeit with lodgers!) which we thought would lessen the inevitable blow.
Trouble is even renting a 1 bedroom in a cheaper nearby area is more or the same as our mortgage & dh says its £ down the drain. He wants to sell & us both buy smaller properties. It's fine with me , I don't want to stay here & I like little & cosy (easier to clean, hate gardening) & it seems crazy to live somewhere so expensive.
But...what about the kids, parents split up & lose their home/massive garden which they love in one go??
Also...would I get a mortgage on my own? I don't know anything about this financial side.
I'm so confused as to what's best..dc are going to be devastated anyway, I don't want to make it worse