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Relationships

Mumsnet has not checked the qualifications of anyone posting here. If you need help urgently or expert advice, please see our domestic violence webguide and/or relationships webguide. Many Mumsnetters experiencing domestic abuse have found this thread helpful: Listen up, everybody

Would really value your opinions on this.

29 replies

ShillyShally · 02/07/2011 08:14

Last weekend I discovered that my husband was having another affair and told him that I could not go on like this and wanted to end our marriage. We have been together for 26 years and have three children (23, 21 & 19). I am absolutely devastated, my emotions and braincells are all over the place and I'm struggling just to hold myself together enough to function.

We had the discussion last Sunday and I mentioned in passing that, not wanting to be acrimonious, a simple straightforward split of things would probably be the way to go eventually. An estate agent valued our house on Wednesday and by Thursday lunch time my husband texted me to say that the bank would "lend him £85k to buy me out". Since then he has been putting pressure on me to accept this, saying that he is going in to the bank on the 8th July and will have the money in his account the next day!

Now this is where I would really value your opinions! Our home is mortgage free meaning we've had nothing to do with the mortgage industry for the past couple of decades. BUT I can't believe he can walk into his bank when he has not had any of his wages paid into his accounts for the past ten years, with an income of £26k last year and they would happily just loan him £85,000. It may not be a coincidence that my father in law is a comparatively wealthy man.

I am totally unsure of my emotions and whether I am just being nasty and cynical or whether my bull $%^& monitor is justified in going off!

Thank you for your advice, etc.

OP posts:
MigratingCoconuts · 02/07/2011 15:21

'you'

lookbutdonttouch · 03/07/2011 15:44

I can see you are taking the advice above, good. I just want to reiterate it.

You have what I believe is termed as a 'long' marriage in divorce terms. That helps in any settlement.

You really need to see a family solicitor ASAP and ignore your ex muppet. He is pushing you into a ridiculously low settlement and I bet if you agreed he would have something he wanted you to sign.

A solicitor will take you through it and make sure he discloses everything, including pensions, potential inheritances, bank accounts etc. As mentioned above, one valuation is not enough.

Your not so lovely dh is pushing you while you are still all over the place and vulnerable and a solicitor will fight for you.

Tell him where to go.

StillSquiffy · 04/07/2011 00:10

Just in answer to your original question.... yes, many banks would offer a mortgage subject to survey for this type of purchase - the loan-to-value will be 50% and the amount borrowed is 3 X income, so it would be low-risk for them. My DH hasn't had a mortgage for years but when we were looking at helping out my DB by buying his house he got a written offer from his bank within 24 hours.

Saying that, the only way he can get the money in his bank account in a week would be by raising a loan on the house, rather than purchasing it from you. The two are very different - raising a loan on it means you would retain half your interest in the house and would be jointly liable for servicing the loan. Sorting it out afterwards with a solicitor would be more complex than, and just as expensive as, actually selling it to him (if that's what you decide you want to do)

Sounds like a charming man, by the way, pressurising you like this. You are well shot.

TheFarSideOfFuck · 04/07/2011 00:24

take further, impartial advice before you consider anything this dishonest and untrustworthy man offers to you

am sorry you are in this position, but you need to get canny

he is two steps ahead of you

catch up, and quickly

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