How much is the house worth and how much will the total mortage be? What percentage share of the property will your mother own?
With regard to the house you lived in as man & wife, how much is that worth, and how much is the total mortgage outstanding?
What other assets and debts are there?
How much income do you each have from all sources?
If you have any dependent children, who has the day to day care of them?
I hope this helps and I wish you the best of luck.
Thanks and best wishes...
house - part rent and part buy mum paying £60,000 but will be in my name other half rented
present home rented i pay rent and bills
no other assets
debts - he has £10,000 and I have £4,000
I earn £19,675 per year he earns £10,000 but does not declare it all as he is self employed
I have one dependent child age 16 lives with me
we have been married under 4 years
I see that you have looked at my initial answer but not accepted it. Is there anything that is not clear or you feel I have not answered? Otherwise I would be grateful if you would kindly now accept my answer so that I can be credited for my time.You've also given me some additional information but I need some clarification to take this information into account. It's fine if you don't have this information - but if you don't have it then I would be grateful if you would kindly now accept my answer so that I can be credited for my time.Thanks and best wishes...