House worth £150,000
Outstanding mortgage £36,000 comprising of £30,000 repayment and £6,000 endowment.
The £6000 is a shortfall and needs to be paid from savings in 7 years.
Husbands income £20,000 per year
My income £30,000 per year
No minor children involved
When should I expect a reply please?
one bedroom apartments not available in my area but a two bedroom property close by is £30,000 up to £45,000
I maybe should have told you that my husband is committing adultery incase that is important.
Selling the house is most definitely not something I want to do. I have lived here years and I most assuredly do not want to move from a four bedroom house to a small apartment . At this stage my husband says he is happy to stay in the house and has no wish to cause disruption. Now that this option is out of the way can you please advise on my other options.
Raising capital would be difficult at this moment as my disposable income is now having to go into the running of the house.
Please also answer these questions;
Does the fact that I will pay 7 years of the mortgage affect his share of the property? Does the fact that he is committing adultery have any bearing ?
Thank-you Can you please explain what equity release is?
Should I get the house valued now?
reason being that if in 7 years I decide to buy him out , can it be at the value the property was when he left and I took on to finish paying mortgage.
Is my Husband free to come back in to the house at any stage ?
Thanks I am nearly finished my questions and thank you so far. To prevent him coming back what do I need to do ?
My Husband has a pension with Prudential which he said he can no longer afford to pay into. I have contacted the Prudential and they say they will pay out 25% of the value now and the remainder monthly. Is it legal to have this split in two?
The pension was paid from our joint account although it was only in his name.
Secondly Can I insist he pay half of the mortgage as long as he remains joint owner ?
I am nearly finished with my questions Please just advise me please I am entitled to 50% of my mothers house when she dies. I am named in her will along with my brother. Does my husband have any claim to this?
How much approx would I expect to pay divorce?
Can you advise me what the approx cost of a divorce would be
You have been most helpful and I thank-you . I will rate you as excellent service.