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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.

Equity divide - I am probably screwed!

51 replies

24istheyear · 07/01/2024 09:00

I know I need legal advice but if anyone has any advice- would be so grateful

Equity in house is £180k. All put in by me due to sale of flat I bought before I met him.

Married for 6 years.

He is on £27k through choice. Still works full time. Halved his salary as didn't want stress.

I'm on £75k through working my arse off for last 6 years

I've been reading that I will have to give him almost all equity in house so DC get equal homes. But even if he took every penny he would struggle to get a mortgage on a place that could house him and DC comfortably where we live.

Is it not possible that I would buy him out and give him £70k or something but then he rents a nice house? I'll give him the car etc. Just don't know if I can survive if he takes every penny of the equity and it still isn't gonna get him a home round here as he doesn't earn enough.

He has been giving me a few hundred a month. Probably contributes 20% to mortgage and childcare.

Any thoughts?

OP posts:
peanutbutterkid · 10/01/2024 22:50

24istheyear · 10/01/2024 20:52

@peanutbutterkid you were just talking as if the OP (e.g. me) wasn't able to answer - like you were asking other people on the thread why there is only £180k in equity. The £180k is an estimate - of the deposit plus the v small amount we have paid off in the short time we have lived here. Why are you asking why there is ONLY £180k? I don't understand why that is confusing.

I was surprised that you had only paid off a small amount.
That's why I asked if you recently bought.
So... did he never contribute to the mortgage? Did he contribute 25% of ... I dunno... £1k equity you gained since you (jointly) bought since it's been a short time ... since he's on £25k and you're on £75k so respectively you paid 25% & 75% of the mortgage payment, so that's why you rounded to say that you wrote "All put in by me " about the equity.

Coz it might matter with regard to your negotiating position, if you can document that he paid nothing towards the mortgage.

Or maybe he did pay a bit more than £250 of the equity? And I guess you paid 75% of all household bills along the way, too.

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