Finances when splitting

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After some advice.
Trying to get my ducks in a row and thinking of our joint property. Really would like to move out and have a fresh start but feel stuck. House worth 150k with equity of about 60k. Have 5 kids and looked and anyhting worth buying with 4 or more bedrooms is way over my budget if I were to buy. Rent prices are also horrendous. What should I do? Also after 21 years of marriage it seems shite.

Anyone?

Are the kids staying with you all the time or 50:50 or less ? Is the equity joint. ?

Can you look into shared ownership? Or help to buy? Sorry not got much other advice. X

Can't the children share rooms? Bunk beds?

If they think they're too old for bunk beds, they'll be moving out/staying out a lot soon anyway.

Even though you want to move out and make a fresh start, it may make more sense to stay put in your current house for now and have ex move out. Is it possible to buy him out/increase or extend your mortgage?

We havent split yet. I was fantasising about taking kids to a rented accomodation and dropping kids off to him at the weekends. My family won't accept us splitting up and I've suggested he move out but he won't. Even if he did move out, long term I don't know if I could manage finances of a big house, plus it needs a fair bit of renovation and with multipe kids and one with a disability I also feel I don't have the energy. House is joint name. We have another property but that's un his name.

If your house is only worth 150k then you're in the North, or perhaps the remoter areas of Wales. You should be able to buy a modest house in a safe area with your share of the equity. This gives you plenty of scope to improve your skills and boost your earning power.

If you can't, then you rent and claim hb.

You shouldn't move out - the kids need that home until the youngest is 18.

What's your situation regarding work?

What’s the other property? If you’re married it makes no difference if it’s in his name

Yes it's in the north. Splitting 50/50 would mean I only get £30k and and because I'm a carer, dont work although I am going to start looking but the most I could earn is around 10k as would be single parent as well as carer

With that much it doesnt look like I could get a decent house sadly

the other property is owned jointly by his business partner

If he’s decent he should allow you to keep the house and if he has a good job and you are kids carer then there should be a decent amount of maintence