Quizzes & Puzzles1 min ago
Divorce FDR
Husband and I have been granted Decree Nisi and have three children living with me. We have two properties which are mortgaged. Husband has moved to second property which has approx 30K equity and I live in the former matrimonial home with no equity on. Both properties are in joint names and husband has not being paying for the mortgage on second property which is now in arrears of over 9K.
Question is as I am on low income, I am not eligible for a mortgage in my sole name and possibly husband is also not eligible for a mortgage on his own.
I was to break all financial ties with him.
How are the assests being these two properties likely to be split?
Thanks in advance
Question is as I am on low income, I am not eligible for a mortgage in my sole name and possibly husband is also not eligible for a mortgage on his own.
I was to break all financial ties with him.
How are the assests being these two properties likely to be split?
Thanks in advance
Answers
Best Answer
No best answer has yet been selected by Gaskoni. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.unless you do something really quickly there wont be any "assets" as such, just debts.
What steps on property b have the mortgage company already taken? Unless its got a super high mortgage, it sounds like it hasn't been paid for 6 months or more, and i can't believe the m company haven't already started some sort of proceedings. Probably neither of you would get a mortgage anyway for some years even if you could afford it because of the arrears you have run into
As regards to "asset" split, it will be either whatever you can agree between you or if you go this way, what a court orders. Thec ourts take all circumstances into account, not just what you can put onto 100 or so words here, so it's unlikely anyone here can help you, and if they do it'll just be a guess
What steps on property b have the mortgage company already taken? Unless its got a super high mortgage, it sounds like it hasn't been paid for 6 months or more, and i can't believe the m company haven't already started some sort of proceedings. Probably neither of you would get a mortgage anyway for some years even if you could afford it because of the arrears you have run into
As regards to "asset" split, it will be either whatever you can agree between you or if you go this way, what a court orders. Thec ourts take all circumstances into account, not just what you can put onto 100 or so words here, so it's unlikely anyone here can help you, and if they do it'll just be a guess
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