The mortgage is fully paid up 8 years ago. There are no dependant children as our 2 daughters are fully grown up and married. I have not have the house valued as yet.
We were divorced in Feb. 2008.
I hope that this information is of help.
How long would it take before I get an answer?
The house is worth about £230,00 and there is no other assets.
At the time of the divorce one of my daughter was in her final year at university so I did not feel it right to sell. Now I am retired and wants to move on. At the time of the divorce it was noted that the house was jointly owned but I had moved out and was living with my Sisters.
I have my RAF pension and my state pension. She has her NHS pension and her State Pension.
I hope that this answer your question.
! Bedroom property in that area which is in Bedfordshire, costs between £90,000 and £10,000. Our only income is our Pensions which I declared in my last communication. Property in the area where I live ( South Norwood) is in the region of £235,000 to £250,000.
When we divorced It was decided that we would divide the proceeds from the sale equally. Although we were both working I paid all of the mortgage for 25 years.
I hope that this is sufficient information to give me a general understanding of where I stand.
No it was not a court order. It was discussed when we first separated. When the mortgage was up there was a surplus from the endowment insurance which we divided equally even though I paid all the premium and the mortgage interest as well.
I have not re-married.