Maintenance instead of equity?

[TheEndofIt]

Going through a nasty separation (in Scotland saw law slightly different).

I want to sell the family home as properties here (Edinburgh) go for at least 10-20% over home report valuation, which will give me about an extra 20-40K.

Ex wants to buy me out at home report value & instead pay child maintenance (around £525 pcm) which will increase my mortgage capacity by 20k ish.

I'd rather have the increased equity.

Any thoughts?

It's not that the op necessarily wants him to sell, it's that she wants her share of the equity at the market value of the house not at the valuation which is considerable less than what it should achieve on the open market.

@RandomMess I understand that.

good luck op and listen to your solicitor,as I’m sure you will

what about his pension?! you are entitled to half with marriage.

dont forget this ^ any hidden shares? bank accounts?

i would not agree at all to maintenance and keeping the house. no way. He could go off sick or self employed and never pay - no court can ever monitor or enforce this

sorry no - sell the house!! asap and get a solicitor to check for pensions!

Nooooo. Always equity. My ex hasn’t earnt a penny in nearly two years. Luckily I went for and got a decent amount of equity so no mortgage. No end in sight to the child maintenance issue. (You really should get both)