There is approximately £95k on the mortgage remaining with around 150k in equity if we were to sell it. We have two children aged 11 and 7 and currently i see them each week but they can't stay over. i have to take them out somewhere (which costs all the time) and with the New Year i really want to get somewhere to have as a base and thinking of the future.
We are both teachers and my income is 60k and hers 46k. i just can't afford the 700 a month mortgage and bills for the marital home as well as 500 a month for the girls living which i currently pay and pay 600 a month on rent. However i was going to borrow some money with a view of paying this back when the settlement came through. Currently aim living in a friends spare room and it only cost me £50 per week but it is six months now and i need a base to see my children.
I have found out since leaving that she has amassed quite a substantial amount of credit card debt.
just for the kids sake- just so they don't have to leave yet. She wouldnt engage with me and i think she would like to stay in the property.
Just felt i should