Mesher / deferred sale

[DivorvedHappy]

I divorced my ex 6 years ago and I’ve been living in the fmh. I’m now 63 and exh is pushing for a sale as my youngest has finished education and the court order says to sell the property. Has anyone had a mesher when they were older, how did you cope with it all and what was your plan? Where did you move to? I’ve had to pay for the mortgage and bills and maintenance so I haven’t been able to save to pay exh out so I think I’ll be forced to sell. I don’t know what I’m after, I’m just a bit overwhelmed at been pushed out my home at my age. I will be getting 70% from the sale but it’s not enough to buy another house so I’ll have to rent I think. I think I buried my head in the sand thinking this day would never come.

if It was agreed that you would sell after youngest left education then I don’t think you have any options. Did you really not plan what you would do? Assume at your age there must a lot of equity in the house. Surely 70% would buy a property somewhere even if you need to move further afield. Are you still working & do you need to stay in your local area?

I didn’t know what my options were so I just carried on and now it’s time. The house needs a lot of work so hasn’t been valued very high. Yes I’m still working on minimum wage. I know I’ve been stupid.

Youll need to make a plan now. In retrospect it would have been better to downsize to a more manageable property which you could afford the upkeep of. It doesn’t sound like you could afford to keep running the house after you retire anyway if you can’t keep it in a decent state. I hope you’ve got a private pension.

You don’t say how much equity you’ll have or where abouts in the country you are. Will it be enough to buy a small flat? Otherwise you’ll need to use the lump sum to fund a private rental. On the face of it, your ex has been very patient waiting so long to get his portion of the money.

the mortgage is paid off and I’ll get 70% and my ex will get the rest. He was lucky and bought another house with his wife but has been patient, but now wants to sell. I may find a very small 1 bedroom flat but there’s nothing on the market at the minute.

I should have sold the house years ago and I would have been back on my feet by now. Thanks for your replies.