I can wait a few days. Thanks.
The property has been valued at £395,000. (£180,000 of that will be paid back to the Building Society).
As I am self employed in the Entertainment industry my income varies. e.e In 2014 I didn't work between Jan- April. Things did get better towards the end of the year. I am used to this as I have been in this business 30years. The last two years my income was £14,000 and last year £19,000. The two years prior was less than £10,000. It's impossible to predict my income year. At the moment my diary is pretty empty!
My wife earns £2000 a month. But this will increase as she intends to work longer hours.
The children are ages 13 and 15.
We have been together years and married . Financially everything has always been split down the middle - we have a joint account. So, even at quiet times we have managed as my wife has a guaranteed income. But when we separate this will not be the case. I am really worried I wont be able to afford the mortgage or even the rent when we eventually separate and move into separate homes. The children will be living with me half the week and with my wife the other half.
Hope you can help,
A Cheap three bedroom house in the same school area would cost between £160,000 and £190,000.
At the moment she would not be willing to claim the child benefit.She says we should split it 50-50.
The major day to day care is split between us - though as I am not working I am always here when they get home from school and I prepare their tea. As my wife works she's the one - at the moment - that gets them off to school each morning (that is - makes sure they have breakfast, wash and dress in time bus!). Other meals etc are cooked 50-50 between me and my wife.
The children are upset and don't want us to separate - and neither do I. The 13 yr old has said he does not want to live in two houses and 'if we separate' will decide on where he's going to live. My eldest is a worry. I don't think my wife has thaught things through. She wants to separate asap so we can sell the house and she'd be in her new home by May as our eldest has GCSE exams this summer.I didn't want to tell our children about her plan of separating until everything was sorted but she went ahead and told them without me agreeing!!