Divorce, house and iva

[Ladybirdlili]

So me and my ex have separated in November. He's agreed to let me continue to live in house until kids are older etc via a financial settlement - which is just being dealt with a solicitor

I'm finding month to month it's so tight money wise, I'm not sure whether to give up the house (mortgages) get equity and rent, or get another job (then additional benefits go out the window I'm guessing) or just stick in there with the property.
Im just wondering if anyone else has been in this situation?
Also in a IVA which would be sorted if sold house too. I don't know what to do for the better. The mortgage is cheaper than renting but worried about upkeep on the house.

Thanks x

I think there are few issues with selling up and renting:

1. There is always uncertainty about the rent prices, your desirability for landlords and also few years down the line if you wish to buy a house you maybe too old to get mortgage (or mortgage will be for very limited time which you will struggle to pay off).
2. Market for landlords is shakey, a lot of them sell the properties and there are a lot of people willing or forced to rent. You as a single income family will compete with them.

1. There is no guarantee you will find anything in desirable location (schools, children's friends etc.)

1. With owning a house you always have something to pass on to your children. For me it is a massive thing to take into an account.

1. Renting is not always cheaper either, you have constraints how you can adapt the house but then you may end up decoration it and at the end of the tenancy you may be asked to revoked it to the original decor. It maybe few hundred pounds here and there but then deposit etc etc.