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Money matters

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Money matters when seperating

2 replies

Thetallestsunflower · 15/07/2012 17:44

My husband and I are seperating. He has been emotionally abusive and controlling and impossible to live with. Finally I have got him to move out by making out it is a 3-6 month basis to give us some breathing space and for him to change his ways.
Anyway I have gone more into the ins and outs on the divorce board but here I am looking for money advice.
We have a mortgaged house which I am staying in with him moving into a rented flat. For now we are not informing the mortgage company of this move as its only considered temporary for now.
At the moment we have a joined bank account and he has a seperate account which is currently unused. He has agreed to use this account and let me remove him from the joined account. As we are still going to share the car and I have a more expense than him with the kids and mortgage he has said he will take on the car loan and car insurance on his account.
I want this sorted asap while he is still agreeable. How easy is it to remove someone from a joint account (HSBC and I am the primary account holder), also what about the car loan-unfortunately the car loan is in my name-would this make it problematic switching it onto his account. The car insurance is also in my name (with him the named driver).
TIA

OP posts:
Rockchick1984 · 15/07/2012 18:43

It wasn't HSBC that I worked at until recently, but if they use a similar system you just have to both sign a form to have him removed from the account. Is his sole account with them also? If so they should be able to transfer the couple of DD's he's taking over. If not, if you ring the companies while your husband is with you, they will want to speak to him to check he's happy for the DD's to come out of his account but will be able to do it no problems Smile

CogitoErgoSometimes · 16/07/2012 08:47

If your husband is the abusive, controlling type I would suggest that you get the ball rolling with divorce as soon as possible and include money matters as part of that process. It is possible to resolve money matters amicably in some circumstances but controlling types will make life difficult, using money as a weapon to keep you toeing the line. The car loan being in your name is potentially one of those weapons. Assets are shared in a break-up but personal loans tend to belong to the named individual.

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