On an emotional rollercoaster today!
Marital home has been for sale since May this year but is not selling. I’ve been in a rental house with the kids for a year, sharing a room with my youngest. stbX has remained in the family home.
Divorce has started but we can’t apply for financial order yet and aren’t ready anyway as waiting cash values of my public sector pensions.
STBX recently said he thought he could afford to get a mortgage in order to buy me out. There is currently a very minimal one on there.
This is good news for me.
There’s a local house I’ve been interested in for a while. He told me what he could afford to buy me out at and with a top up from my dad I had an offer accepted on the house today. Yay! And they’re chain free. Whisk like to complete by end of March. Yay again!
but…. How complicated is it going to be to get off the deeds and mortgage of the other house and sort out the transfer of equity? Is it going to hold up my purchase and massively annoy my buyers to whom I have been sold as a chain free cash buyer?
I’ve got a solicitor in the background but STBX and I have largely been sorting out stuff ourselves and have had one session of mediation where the outcome was to get my pension valued, and to maybe do some offsetting of me taking less than half his pension in return for more house equity than he thinks I should have (complication of large inheritance on his side).
is this going to be a non starter in terms of timing?
Surely we can still divide the house equity and cash and still have ongoing discussions about pension split?