my proposal was to pay half of the mortgage, capped to £300/month (assuming the house won't be sold) until my youngest son turn 18.
Can you please advise whether can be beneficial for me as NRP to re-open the case to the CSA and keep it opened until matters are sorted out (either by agreement or court)?
I am currently paying
a) Child Maint £660/month
b) Full mortgage on the house
c) covering all house maintenance costs
d) Building and Mortgage insurances
e) A loan worth 102/month for her orthodontic (cosmetic) treatment
This is obliviously unsustainable if I will need to rent a 3 bed house+ all costs as it will be way beyond my financial means
there is about 220000 equity in the property, and I have roughtly 3K into UK accounts and 17K EURO in Italy. I have have a pension pot worth 11K gross.
I have no assets in the UK business except cash into the business account worth 60K but I need that to run the business and keep paying me a regular salary as I am a freelance/contractor.
to complete the picture, not sure if relevant but I have to repay roughly 17K EURO to my father which helped me with the deposit of the house and have 4,5K TAX Liability to repay to HMRC at the moment.
She has prob around 2/3/K into her accounts + pensions pot worth 7/8K, not sure what she has abroad
As I said I'd like the boys to stay all together with the mother in the matrimonial home. She is has a degree in Mass communication and she's is studying AAT/Accounting. She will be able to work (she worked in the past as credit controller for 5 years)
Not sure at the stage what would be a fair agreement for house but given that she has the potential to find a decent job I don't see why it should not be anything different than 50/50 when sold.
Please let me know if this gives you enough facts
hard to say when she intend to complete as she is not willing to communicate much with me. however in her last employment 3 years ago she was on 25,000/year (not yet AAT qualified).
I am sure Jobcentre will push her to work when my youngest turn 5 but I doubt she can work full time at the beginning.
I have £11600 in my pot. She has 8000 not sure how to calculate the CE
the mortgage fee we are paying at the moment is £395/month.
I am offering £300/month
Please advise if understood your answer wrong or I am missing something?
I am going a bit out of the scope of this question but are you able to advise what would be a proportionate finance settlement for a "clean break" or at least a starting point? I know the question has not an easy answer but I want to use this trail for consistency.
I am currently filling in Form E, I can supply the figures you need.
Remember we will be applying for shared custody.
My mother will pick them up from school 3pm FRI and take them to School the following Monday 09:00 every fortnight, on "her" week-end week, we were thinking to have them for a sleep-over on my place 1 or 2 nights.
does it make sense?
I just got 2 formal valuations, both valued the house at £550,000, outstanding mortgage is £250,000.
A 3 bed property in a less sought part of the same town cost £350K-400K