A bit of advice please. Currently going through divorce (reasonably amicable separation). I am primary caregiver of 2 children.
I am in family home - ex is in rented accomodation for last 2 years. Ex has agreed that I can stay in family home till youngest is 18 (in 4 years time).
*My ex has suggested that I take on the mortgage and deeds of the family home so that he is free to get his own mortgage.
Then when youngest is 18 I will sell house and we will split profits (less 4 years sole mortgage payments and pensions). I can afford to take on mortgage alone (just about).
*But am I being naive? Is there some loophole that I'm missing that will put myself at a disadvantage by taking on mortgage alone?