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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.

Self employment and pay out

2 replies

Darciehen · 12/05/2025 11:49

Hi, could someone advise if this is a potential issue.
I am currently negotiating a settlement with my ex. I am self employed and currently according to all sources wouldn't be able to get a new mortgage due to having less than 3years worth of tax returns. My business is established and profitable so I have no worries there.
Should that impact the pay out? He is adamant that he doesn't want to give me the money as I wouldn't be able to buy elsewhere anyway, therefore I should wait.
I want to get this settled sooner rather than later and if necessary put the money into the savings account to buy a new property in the future. Does that sound reasonable?
We have two young children and have been together for 14years.

OP posts:
Snorlaxo · 12/05/2025 11:51

It’s none of his business what you plan to do with the payout. You’re not required to use it on a new mortgage and why should you wait so he gets interest on your money ? Cf

Outnumbered99 · 12/05/2025 20:54

You can get a mortgage with one years accounts- so tell him there is no reason to delay. Not that it’s any of his business what you do with the money anyway.

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