Can't afford a house... What can I do?

[Worakls]

So to cut along story short, despite my ex agreeing that I could keep the house until DC is 18 or I can take over the mortgage, he's changed his mind. We are due to restart mediation next month. We only started in Nov despite me filing for divorce nearly a year ago as he has stalled on paperwork. We are now starting again with a new mediator as he said the last one was biased . Anyway he wants his equity in the house. There's 50k equity total, £290k left on the mortgage. I can't buy him out and I can't take over the mortgage. I worked PT past 10 years to raise kids and changed careers too to facilitate his. He is self-employed and earns 6 figures, I am now FT but earn 1/3 his salary. So... If we sell he can buy himself a lovely 3 bed house and I can't buy anything (bloody South!) and can't afford to rent. Can't get any benefits as earn too much... So what do people do in these situations? He also announced he is not working at the moment, although he has not shown any changes in lifestyle since then, except to cut maintenance down hugely. I have solicitor so know I have to go back to mediation but I'm terrified I have to sell and then don't know where I wi live. We have 2 kids (10 and 6) and he has them EOW and one night a week. He says he can't rent anymore as not suitable (2 bed flat) and he wants to buy. Just all seems so very very unfair 😔

I am in exactly the same situation- even a flat is out of budget locally - so the solution is to move - but he will not agree that.

So we are still living under the same roof 18m on....

I wish I had something more positive to say to you.

Op is this your third thread on this?

I'm quite surprised by this. I think whilst the split is 50/50 for equity to begin with, a court would then say that the other parent can be forced to provide additional equity above the 50% to the resident parent to house the child until they finish education.

Im sure i read this thread this morning...?

It seems like quite a small amount of equity in the house given the overall length of relationship & his earnings? Has he been channeling money elsewhere?

I’m wondering if op you’re maybe confused on what he earns, what someone is paid for a service or goods, is not their earnings, it is. Their revenue. Earnings are what’s left after all costs and taxes come out.

It’s possible but someone on 100 plus grand a year would be expected to have high savings or more equity at your age, the number he gave of 38k would be more in line with what you’d expect to see with your finances.

I think you need to understand his financial picture better. Look at his accounts, I think you’re a share holder so have access? They will also be on line and you can see what he pays himself.