We bought the house last year for £500,000 and its been valued last week for £650,000 / £750,000 (if we put a new kitchen and bathroom in the house which we were going to do)
To buy a 2 bed in the area would cost approx £350,000 - £400,000
Thank you for getting back to me.
£170,000 outstanding on the mortgage. We each take home £833 monthly and he takes dividends on top of that. I also earn take home of £1200 monthly from another company.
Honestly i dont know. I need to be able to afford the mortgage and school extras and food and living expenses. If i work on my capacity of 1 salary.. excluding the salary from his company.. i wont have much spare at all. This is my worry. A friend who is a solicitor in Dubai suggested i get half of everything and custody. Just not sure of the law here and my standing as common law wife.
Thank you Clare. I really appreciate your advise on this.
Regarding custody, I worry about him traveling to the Middle East with the children as he is half Arab and his lover is in the Middle East. I believe that I have very few rights there. Its not a huge risk but how can I ensure he does not take them. I have nightmares of him taking them over and me never seeing them again.
Thank you Clare. Im hoping for a very easy and amicable separation. I just needed to be aware of my rights and the law before I speak with him about it all. Thank you for helping me understand my rights and what I am and am not entitled to and how to protect the children.
Have a great week
Im sorry but i meant to ask, does the fact that we are engaged change anything? I read on one of the advise sites that if we are engaged i would be entitled to the same property rights as a married couple?