I can only give you approx figures:
Flat £230k - valuation by Yourmove in July 2014. The outstanding mortgage is £119,000.
Its tenanted and ex-local authority (let to agency on 5yr contract - 3 remaining. It would take 6mths to formally evict the tenant) Equity from the flat was used to do an extension on the house in 4yrs ago....cost approx £30k.
House £280 - no recent valuation done, but in the 'Crossrail' area, so prices may rise. I have been told is approx £100k outstanding.
If relevant we have been married for 17yrs and have 3 children, 16yrs, 14yrs and 8yrs.
Checked Yourmove and its £320k for a three bedroom property.
I looked at the possibility of getting a shared ownership property from the process of sales from both properties, but you have to be working to be part of scheme.....
Hi Clare, this would be very difficult as i have made enormous effort to separate from him. I was divorcing him in 2012 for same issues, my lawyer said stay at home. After 1 year of acrimony , i had no money, no savings, and decided to abandon the divorce. He did not comply with demands to declare income/savings.
After 1 year on reconciliation, he verbally and physically assaulted our daughter again. The police released him on bail. I moved out daughter out. He was given a caution by the police and allowed to return to the marital home. He refused to leave the house as he had no job (he has not worked for a year). I could forsee a whole year of agruments etc, and our eldest daughter although looked after my niece felt abandoned. She does not maintain contact with her dad. She wants to change her name etc. She is doing her GCSC;s in the summer, so want to provide good environment for her......and she would probably have to go back to my niece......i want to keep the kids together that's why I moved.
I had a legal fight with tax credits because they did not believe I was single because then (2012/2013) I remained in the marital home. I do not want to go through all the hassle again.
Please advise me of the best course of action......
sorry, I would consider...locks being changed.
hi Clare, it's likely to be long-term. I lost my job in Feb. and I'm taking my employers to tribunal. I have impairments that make it difficult to find suitable employment. Trying to find a job that will me to work from home.
hi Clare, just one more thing. Should I put a notice of my interest on the house, just in case he sells? The house,bills and mortgage are all in his name. Also he says he is now struggling to pay the mortgage...may be repossessed if he falls into arrears.....do you have a solution?
Thanks for your follow-up email. I have an appointment this Friday with a firm of solicitors as i have realised that the finance matters are quite complex.
I have also already given you an excellent rating since the last time we communicated.