Would like some advice - hope you can help!
Have separated from my husband for last 7 months since he was physically abusive. Since then, we have done mediation for contact with DS, and it is ok.
Our relationship is mainly procedural now, although he does take the mickey coming round to the house and staying for ges, being late for collection and return of DS, messing around with payments. However, he has been ok (not great) with helping to manage our BTL assets.
We're now going to mediate on financial issues, and I would like a divorce, but I would also like to hold onto the BTL property that we bought together.
My IFA advised me to split around 50/50 as amicably as poss and try to hold onto our assets, by transferring them to my name, but keeping both of us on the mortgage. Problem is that I can not work as I'm disabled, and wouldn't be able to get a mortgage in my name only.
On the other hand my solicitor has suggested that I go for 70% and try to pay off my mortgage through selling the other assets.
In the long term I think it would be better to hold onto the assets if possible as if I can't ever work again it would provide some sort of ongoing income, and also a pot of money if I decide to sell.
However, I'm worried about ex-H messing around with the assets as a way to get to me.
Any advice or thoughts? What you would do?
Please or to access all these features
Please
or
to access all these features
Here you'll find divorce help and support from other Mners. For legal advice, you may find Advice Now guides useful.
Divorce/separation
divorce + financial settlement - what would you do?
1 reply
awana · 06/05/2013 13:40
OP posts:
Please create an account
To comment on this thread you need to create a Mumsnet account.