The house is worth about £220,000 and there is £100,000 outstanding on the mortgage. In effect the equity is what we put in. The house was bought 22 months ago.
That's an interesting question!!!!
my feeling is that as she is a self employed photographer she will want to hang onto the house and use the children as her ace card.
They have only been married for 4 years and it is our daughter in law who has gone and had the affair with someone else but I don't believe she will be willing to give up the children.
If the house is not sold and our son refuses to pay the mortgage (he has just quit his job) then I guess ultimately we would be looking at a repossession although our ideal is for the house to be sold before we got to that stage
Thanks for the info. That's what we thought.