My ex husband and I have (finally) come to an agreement about our house.
It's taken a while so I'm keen to get the ball rolling.
Basically, he has agreed that the house can be transferred into my name, I have a mortgage agreed so can take that over too.
But, I will pay him £100k in 5 years time. This means that the children can stay in the house until they leave primary school - It's suits us both.
I'm happy with this, but im worried about what happens if I can sell in 5 years. I won't be able to give him his money without selling the house. What if it just won't sell? Our last house took 2 years to sell!
Has anyone else done this? Is it possible to have something written into a legal agreement that says i have to give him the money once the house sells, as long as i put it on the market?