Finances help!!!

[Rolana]

Please could someone explain to me how the financial side of a divorce works? My soon to be ex husband and I have a shared mortgage. I'm going to get mortgage on my name. And have to pay him his share. Where am I supposed to get this money from? Am I missing something? Sorry if this is a stupid question

You pay him his share of the equity in the house, not the share in the value of the house - so it will work a bit like moving house/mortgage.
Say you have a mortgage of £100k with equity of £100k you would need to get a mortgage of £150K to cover the existing mortage plus the 50K you need to pay him - this then all goes through solicitors a bit like a house sale.

@Rolana For a start have your property valued by three estate agencies, once you know the value of your home you will have an idea of how much equity you have and whether it’s feasible to buy ex hubs out.
Also, seek legal advice.

You will need to increase the mortgage to give him his share.