Clean Break is this fair??

[cleanbreak]

ex h net income around £2300 mine £1700 I have a baby, he has a baby due with his new partner in a few months. When I go back to work childcare costs low as my parents will help with most of it.

15K equity in house.

He is offering me the house, in return for a clean break. He will pay child maintenance.

I don't want to spend ££ on solicitors does this sound reasonable?

Does to me. Doesn't sound as though there is much money sloshing around.

Thanks We've both got pensions.

You will need a solicitor to draw up a consent order so that the court can rubber stamp your agreement. Without a consent order it is possible one of you could make a claim against the other years in the future. That may not be a concern at the moment but if one of you were to unexpectedly come into a lot of money the other may try to claim some of it.

Hopefully your parents will remain in good health and able to care for your child long-term but you do need to plan for things not working out. How would you pay nursery/child minder fees if you had to. And, looking to the future, breakfast and afterschool club.

Good point.
Does it sound like a bad idea ?

With responsibility for another family though, it is unlikely that you would get awarded spousal maintenance on what he earns even if you did lose your job. Obviously it's up to you but personally I am glad I have a clean break (apart from child maintenance) as it is my independence. Would be different if i had a high earning ex spouse perhaps. Also, in our area clean breaks are encouraged.

He has a fairly modest income, I would say a clean break sounds reasonable

says hes now ok with £1 a year maintenance which means that I can always up it if my circs change.

I don't want to spend 1k getting a solicitor to do what I can. We always shared finances so I know what he earns and so on.

Does this sound better ?
Keep own pensions
I get 15k in house
Pound a year maintenance
Child support

Whatever money you spend on legals is worth every penny IMO
You must invest in the proper legal route, signed and sealed in the proper manner
It may well be amicable now but there is no telling what will happen I. The future