Thank you Clare.
I estimate the house to be worth between £380,000 and £400,000. The outstanding debt was £130,600 of which I have recently repaid £71,500 . There is also CCJ against my wife which is set against the property for about £14,000.
I inherited apprx £275,000 out of which I have settled all other debt (credit cards etc) that I had. I'm not sure exactly about my wife but she has advised that she has credit card debts of circa £11,000.
I am unemployed at present since late July and my wife is on a temp contract which she is paid something like £27 per hour. This, I believe, is due to end in Nov/Dec but may continue.
A 1 bedroom flat in the same area would be circa £230-250k. The area concerned is Crenshaw, near Fordham in Surrey. For your information a 3 bedroom house in Woking, Surrey is about £1300 per month to rent.
I have already paid for a car for her at £7500 and was offering her circa £120,000 for her share of the house. At the time of purchase we both put in £100,000. Please let me know if there is any other info you need.