our home and divorce

[shortcrust]

Hello everyone.

I was wondering if anyone could give me and answer or advice.

Me and my ex divorce is to be finalised in a couple weeks, and hes asked to talk about what we are going to do about the house we bought together

I am currently living in it now with my 2 children and pay the full mortgage on it. My ex was paying half up until about 2 years ago.

There is no way I can afford to buy him out and I want to keep it as Its a better option for my children, but how can we do this? He wants his name off the deeds.

What happens when I do eventually sell it? I'm not the sort to leave him high and dry! ( we are still amicable )

Could I just write up a personal agreement between us that when I do come to sell it, he will get what he is entitled to money wise? But then that wouldn't leave each of us much to get a house! I'm rubbish at all this legal stuff!!

I must add that I am only working part time at the minute due to having young children so getting a mortgage or re mortgage is out of the question. I have already been told this by an estate agent.

Thank you in advance for any help.

Caroline.

I didn't work at all after going onto maternity....I started work in September...long after we had split.

I have the kids a lot more.

shortcrust
I haven't read the whole thread, just skimmed the first page.
If your exDH has a pension fund, you will be entitled to a share of it (exact proportion depends on circumstances).
Often this fund is bigger than the equity in the family home.

Sometimes people come to amicable arrangements where - for example - exDH keeps the pension pot and you would keep the house, even if one if you is a little short changed in respect of the other, if it avoids having to split assets or sell a property.
If the children are living with you, you will be entitled to quite a bit, but only a divorce lawyer will be able to work out what is fair in the eyes of the law (which is focused around the best interests of the DC). I would urge you to go through a legal professional.

There you go then, you being a SAHM whilst together then having the kids a lot more now you're separated is stuff that needs taking into account legally when deciding split of assets (or liabilities as appropriate). When DC are involved it's very rarely a case of taking out what you put in.