Thanks for your prompt response
She didn't buy a property as said she couldn't afford the mortgage payments on her salary (even with the equity), hence using it to pay her rent and maintain her lifestyle.
last year her salary was approx £26,000 and his was £49,000
The property was bought for £240k, 3.5 years ago and is probably now worth approx £310k (ish). A valuation has not been done, so I am guessing approximately with this figure based on current market values. There is a mortgage of £160K and £150k equity in the property (based on the current value being £310k.)
she could have potentially bought somewhere, however, not in the same area that she was currently living and wanted to remain living to ensure there was no disruption to the daughter's schooling. She has therefore continued to live in an area she cant afford, and has used the capital of £120K to subsidise the rental payments. This money has now run out. Which is why (I am assuming) she is now proceeding with the divorce, saying she is now having to borrow money to make her rental payments, and wants a property valuation of my partners property to get half the equity out of it.