How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Clare Your Own Question
Clare
Clare, Family Solicitor
Category: Family Law
Satisfied Customers: 34105
Experience:  I have been a solicitor in High Street Practise since 1985 and have specialised in Family Law for the last 10 years
13262538
Type Your Family Law Question Here...
Clare is online now

I am living in our family home and we are paying the joint

Customer Question

I am living in our family home and we are paying the joint mortgage in joint names. We are separating and my wife wants to take my name off the joint bank account where the mortgage is paid. I will continue to pay the same amount of money into the account until we have finalised things ie financial and children. Will there be any implications in allowing my name to come off the joint account
Submitted: 2 years ago.
Category: Family Law
Expert:  Clare replied 2 years ago.

Thank you question.

I will do my best to help you but I need some further information first.
How much is the house worth and how much is outstanding on the mortgage?
How old are the children?
Clare
Customer: replied 2 years ago.
The house is worth £170,000 and there is a balance of around £65000 owing. I have two step daughters 16 and 13 and a son who is 6.
Expert:  Clare replied 2 years ago.

What income do you each have and how much do you pay into the joint account?
Clare
Customer: replied 2 years ago.
My wife has only just gone back to work as a self employed hairdresser so her income is not known.she has £600 per month maintenance two girls, tax credits £238 per week, and I pay £150 a week into the joint account. The family allowance goes into separate account. Not sure how much it is.
Expert:  Clare replied 2 years ago.

How much do you earn - gross?
Clare
Customer: replied 2 years ago.
I am self employed and my annual earnings year were £14000 pa
Expert:  Clare replied 2 years ago.

The major issue is that you will be paying a substantial sum into an account over which you have no control.
The payment you are making is well in excess of the 12% of your gross income that you have to pay as child Maintenance
I appreciate why you wish to pay this - BUT it would seem fairer account to remain joint while you are paying this amount - however that is a personal choice to make
Please ask if you need further details
Clare

Related Family Law Questions