Hi, I have a question with regard to divorce settlement. My former wife and I separated in 2006. I divorced her via ‘2 year separation ‘ method and the absolute was dated 20th Jan 2011. I have two children (Charlotte 11, Anthony 9). They stay with me on Sunday day/night until Monday morning and Wednesday after school until Thursday morning. My former wife left the property in 2006 of her own accord with the children(I was living in a rented flat at that point). She moved in to a rented house where she has cohabited with several men since the divorce. The most recent has lived with her for around six months. When she moved out of the family home, I moved back in and she was keen to take her name off the property for some reason. In July 2008 I re-mortgaged so that the transfer of equity and name change on the property could occur - the house is now in my name only. No consent order has ever been completed and we have amicably made arrangement for children and I pay her £250.00 per month I also verbally agreed to pay her £35,000 in ten years (From the date of divorce) as settlement. I have now been married for one year and my new wife is expecting a baby. All arrangements have worked well and we were all happy with the arrangements. However, today my ex-wife called me to meet her and demanded £40,000 pounds immediately. I realise that our arrangements should have been formally noted in a consent order. My new wife and I are now worried that we will lose our house if we are taken to court. I cannot afford to pay my ex £40,000 and cannot re-mortgage for this sum as my income is now way too low and we are struggling financially already. This is a very threatening situation. I am desperately seeking advice to help me know what to do next? Many Thanks in advance for your help/advice.
Hi, yes. Can my wife make this claim for finances - am I at risk of losing my house?
I am going to transfer this to a colleague. There is no need to do anything.Please do not reply to this post otherwise it comes back into my inbox.
I think she is off-line at the moment but will pick it up when she is backon. She does come online and off-line regularly every day
Hi and thank you. The house is worth approx £140,000 and the remainder of the mortgage is £95,000.
Hi, Yes I added 10,000 to the mortgage. I do not know anything about my ex's finances other than she has a new car and recently acquired a used sports car. At the time of divorce I had 10,000 credit card debt - this has now increase to 15,000. There are no other loans or debts, My ex has not remarried - unfortunatley.
They were used to part buy furniture as ex wife took everything when she left, and some was used to pay off some credit card about 50/50 split between the two things
Hi, She told me just after our separation, that she was entitled to 3/4 of the equity because the children were living with her (despite moving out of her own accord). I wanted things done amicably, to ensure I get to see my children regularly so I agreed to 35,000 without taking advice. She said the increase now is because she has reconsidered things and feels that she should have more - so no real reason other than it is what she thinks is fair. I obviously do not think it is fair, especially after quite a generous offer initially.
I am self employed - my regular annual income is approx 12,000 net but I can earn upto 6-7000 in addition - last tax year it was 15800 total. I am not certain of my ex's net but i believe it is in the region of 24000.
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