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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.

Divorce/current financial climate

3 replies

Andbabeiwannacatchonfire · 20/10/2022 09:09

Hi all
Would really appreciate some advice and your experiences.
Marriage has broken down and H and I separated a while ago but due to various financial difficulties, we are still living together. Neither of us can afford to leave at the moment without meaning or child will have to move school - he has additional needs and it would be really disruptive for him, so up to now we haven't made the leap.
We are currently on a low fixed rate on our current mortgage which has 3 years left to run. Moving will mean a jump in monthly outgoings for a smaller place out of area. For us in the current market, it would be a particularly bad time to sell.
Just feel so stuck and desperate:(
What I'm wondering is, can we divorce while still living under the same roof for the next few years/ maintaining the current property as a shared asset and selling it down the line splitting proceeds 50/50?
Any advice would be very much appreciated.

OP posts:
nigelslaterscake · 20/10/2022 16:37

I'd consult a solicitor. When you get divorced you normally have a financial order which is approved by a court and is a legal document detailing how your financial assets will be split. It can include agreement on things that haven't yet been divided, e.g. that when your house is sold you will split the money 50/50. I'd be worried that you might not agree on when it will be sold, so one or other of you might be stuck living in a house that the other refuses to move out of. A solicitor could advice on any problems, and whether there's a way to deal with these in the financial order. Worth paying for a couple of hours legal advice if it saves you problems down the line.

Andbabeiwannacatchonfire · 20/10/2022 21:24

Thank you very much !

OP posts:
weekfour · 20/10/2022 21:31

Could you cope?

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