Hi, my wife and I have begun to discuss separation. I've posted before on her view that although she doesn't want 'us' she wants the creature comforts. I get that.
We have no children of our own and are in 50s and if we sell up it's rented for life- not enough equity in our mortgaged property.
One option might be that I move out into rented but pay half the mortgage and so retain ownership of the property.
Has anyone done this? It seems to have pros and cons if doable.
As it's a repayment I continue to increase my equity as does DW.
But as DW says, if I asked for a divorce I presume I could force a sale. Can that be protected for a period of time - we sign to say no-one can force a sale for x years unless one of us dies or something like that.
I guess another risk is DW remarries or has a partner move in. In that case I'd probably be happy to be bought out but not so happy to pay half the mortgage. Although I guess I still am buying the bricks and mortar?
I appreciate a lot of questions and I know we'd need legal advice but I am wondering if anyone has anything like this?
Also will post separately about 'amicable' separation and divorce to save on legal costs.