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Splitting

Posted by Simon

Simon

Splitting
December 09, 2021 07:12AM

Registered: 6 weeks ago
Posts: 2

Hello, my wife has decided that she doesn't want to be married anymore, we have a 8 Yr old daughter, joint savings account and mortgage, I have suggested 50-50 on house equity 50-50 on savings and 50-50 with daughter, she is saying no, please help where do I stand
Simon

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David Terry

Re: Splitting
December 09, 2021 12:21PM

Admin
Registered: 3 years ago
Posts: 611

Impossible to say without figures.

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Simon

Re: Splitting
December 09, 2021 12:45PM

Registered: 6 weeks ago
Posts: 2

Hi thank you for getting back to me. Figures are £40k savings and £180k equity from house,
Again thank you for your assistance
Simon

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David Terry

Re: Splitting
December 09, 2021 04:24PM

Admin
Registered: 3 years ago
Posts: 611

Those aren't quite the only figures relevant. What is also relevant is how much you and your wife each earn (which is relevant to your respective mortgage capacities), what the size of the outstanding mortgage is and what the cost of suitable alternative accommodation would be for each of you.