One is 17 years old, and the other is 13years old.
Andhow long were you married and how long together before married. Did he treatthe children as his own?
We were married for 2 1/2 years, and lived together for 2 1/2 years previous to getting married. He treated the children as his own, and was very close to them, and continues to have some contact, albeit via text. The house was bought for 140,000.00 and we have spent 40k renovating this. I have no idea currently what is is worth, but estimate approx 185K. We both have personal loans equalling around 9k. We are both nurses, and earn between 26k and 31k respectively.
Mortgage outstanding is 108K. This was funded in the first instance by a deposit from my house that I owned, and renovated with the remainder of my equity from the sale of my home. My husband moved in in 2008, we married in 2010. The house remained in my name. Our current home is in joint names, which we purchased in March 2012.
He believes he is entitled to half, but has necessary asked for anything yet, just for me to re-mortgage to pay off his credit cards, then he will sign the house over to me. However on my currently yearly income, the bank wouldnt necessary allow me to do that, and take on the mortgage by myself. I have explained that to him, but he now thinks I should sell the house then, which I am not happy to do, as I have only recently (12months) re-located my children to this home. Perhaps in the future it may be possible to take on the morgage in sole name. I just wondered whether I have to sell, or whether having a child under 18 allows me some security until I can afford to take on the mortgage solely, or be in a position to move again.
Thank you so much for this information. I had an idea that was the case, but as with any separation, your confidence is knocked.