Looking for some perspectives.
My husband and I have been separated for several months and plan to divorce. No infidelity, no abuse, just grew apart and fertility issues took their toll on us both. We both currently continue to live in the marital home (separate bedrooms) and things are amicable but obviously cannot continue.
Unfortunately, not long before we separated we remortgaged and are in a 5 year fix. The early exit fee will be in the region of Xxx if we were to sell.
He has suggested buying me out. However, he can't really afford to do this. He would be borrowing a significant sum from his parents, he is applying for a new job as his current salary would not permit him to take the mortgage on by himself and he plans to rent a room to a friend. I'll be honest, if he gets himself in a financial mess I'm not bothered as I'll make sure there is a clean break order so I'm not liable.
But I wonder if accepting this is the right decision? Part of this is emotion led. I invested 20k of inheritance money into renovations which significantly increased the value of the property but because we are joint tenants I will not see that money. I love how the house and come on and I am loathe to say goodbye but I can't buy him out. It feels unfair that he should keep a large 3 bed house when I would have to start over and would only be able to afford a 2 bed flat and have to deal with leasehold. He'll also benefit from the house contuining to increase in value.
I don't know what the best thing for me to do is. Does anyone have any advice or alternative perspectives about what to consider? I of course plan to seek legal advice too.
With regards to other assets. We both have minimal savings, no investments and pensions valued similar so have initially agreed the house is the only joint asset to sort.