Looking likely that I will be divorcing, and I'm trying to work out the financial implications.
Both the family home and my BTL will need to be sold to split funds between us. I'm struggling to work out the logistics though and it's stopping me moving forward.
The thought of aligning 2 sales and 2 purchases sounds impossible. There are very few rentals around here, and the housing market isn't great either, so it will take time to find new homes. Ideally I'd move into the BTL while I find somewhere suitable to buy, and we'd sell the family home, but we can't cover the mortgage on both properties without the BTL being rented. It's currently empty and burning cash so I'm looking to sell it, which will free up cash but then I'm back to how do we coordinate house sales whilst minimising the disruption for the children and keeping credit ratings intact? It feels impossible.
Help!