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Divorce/separation

Here you'll find divorce help and support from other Mners. For legal advice, you may find Advice Now guides useful.

Equity split

3 replies

Mooey89 · 15/02/2022 09:40

I will of course be getting legal advice, but I’m trying to do this as amicably as possible.
I paid 20k deposit for my house.
It’s jointly owned with STBEXH.
We’ve been married 3 years, together for 6.

The house has increased significantly and we have just agreed an offer giving 110k equity.

Over the years I have paid £100 more to mortgage each month.

He is soon moving out while the sale goes through, I am porting the mortgage to avoid the early repayment charge.

Initially we spoke about me taking back my 20k, him having 11k because he paid for new bathroom and new front door? And gave me some money from an inheritance to pay towards debt (gift, around 2k).

We then agreed the rest would be split 50/50.

I have a son, aged 8 (not his)

I agreed this because after 6 months of living together post split I honestly just wanted him out but now I’m not sure it’s fair?
Someone mentioned that my initial investment has grown and should be reflected in percentage.

Is this right?

OP posts:
millymolls · 15/02/2022 10:31

I think you’ve done a fair proposal tbh
Ringfence your original investment ( and his used For improvements) then rest 50::50

CrimbleCrumble1 · 15/02/2022 18:53

What you’ve agreed sounds ok. Him paying for the new bathroom probably added value.
What percentage of the house value was the 20k?

Xenia · 15/02/2022 18:56

It sounds fair to me. Divorce is not a precise science in terms of settlements and 50/50 is only the starting point. Also here there is a "children of the family" (his step son) which I believe may mean you get more - eg if he paying things towards the child

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