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Settlement in respect of marital home

2 replies

piellabakewell · 16/02/2012 07:10

STBxH still lives in it, I moved out and bought my own place (huge mortgage and some money he gave me) two years ago. We have had the First Appointment where we agreed that the house is the only issue and we have just agreed valuations (his £750k, mine £340k).

The next thing that happens should be that he makes me an offer...he has a mortgage of £110k BUT he took that out to give me the money to buy my house. He did not have a mortgage when we agreed to separate. Should the offer take into account the value of £750k or the equity of £640k?

Our DDs (aged 14 and 12) live with me 2/3 of the time. What % might I reasonably expect? He can easily raise money on the house and is keen to keep it, which I don't mind as it's important to the DDs.

OP posts:
mumblechum1 · 16/02/2012 09:50

His offer is likely to be based on the current equity, and will refer to the fact that you've already had part of that in advance iyswim.

I can't answer your other question without knowing your respective incomes.

Do you have a family soliciitor? They will be able to tell you as they know all the figures.

Collaborate · 16/02/2012 12:05

The assets are what they are today - ie the values of both properties combined less the amount owing under the mortgages. that is what you negotiate over capital-wise.

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