How much is the house worth and how much is outstanding on the mortgage?
What other assets and debts are there?
How much income from all sources do you each have?
Who has the day to day care of the child?
Would your ideal scenario be to stay in the house? If not, what would a small 2 or 3 bed house in the area you want to live cost?
Hi, the house has been valued today and is worth 350k.
I have debt of 30k and I am in a debt solution plan with Step Change. I have be paying into this for two years and have five years left. I currently pay £531 to this every month.
My income is £1300 a month from my full time job, this is my monthly wage.
No other debt to my knowledge.
I have day to day care of my child, my mum looks after him after pre-school finishes every day.
Assets wise my husband has a few Businesses but I have no desire to claim any money from them.
All I need to know is if I am entitled to half of the equity in the house?
I haven't paid any money to the mortgage or given my husband any funds towards the bills as he has always covered these.
I think the mortgage is £305k that he still owes on the house, or thereabouts. This is what he tells me and I have no reason not to believe him.