Hi I have been married for 30 years and brought up 2 children. 1 lives at home and will be 17 next month the other is 27 and is married and lives in her own home. I would like to know if I am entitled to some of my husband wage as he earns a good wage? I own a 40% share in his company how much can I sell these shares for? I know that I am entitled to maintenance for my daughter who lives at home. I do own property but there is no equity in them and I don't pay income tax as most of the income goes on repairs and maintenance etc. So I don't earn an income and therefore can't get a mortgage. Our own home has only £35k equity in it as I borrowed £70k to buy 3 properties. What am I entitled to? This is for separation leading to divorce settlement. Thank you Diane
I have a total of £600,000 in property and I am just in the process of buying another property valued at £118,000. My husband has his own company which I own shares in. My husband earns £671 pm basic and then we take dividends of £2500 pm. Total £3171 pm. I do not know how much his business is worth. I guess the business cannot earn money if he does not work as he hires him self out as a contractor to major construction companies as a project manager.
I forgot to add that out of that £600k the balance outstanding on mortgage is £549,162.94, which leaves only £50,837.06 in deposits or equity. This is less than we put in to start with as values have dropped and not regained in this area.
We are both 51years old and My husband is the high earner. I have not worked in a long time, when I worked in boots as a part time counter assistant and I didn't earn very much at all. My husband company earns about £1,400 per week he does pay flat rate VAT out of this and of course corporation tax.
I should add that the contract his company has at the moment is quite low in the past he has earned between £300 to £400 per day and earned £90,000 plus in a year.
The houses where our pension provision as we do not have private pensions. We do have the standard government ones that is all.
I am going ahead with the latest purchase because it is a 6 bed house and will give my daughter and myself somewhere to live if needs be. The house we live in is in my husbands name only. He has moved out and is renting somewhere and has not made any demands or asked me to move out. The latest purchase will allow me to have lodgers that will pay the mortgage for me if I need to move out. Our home does not need to be sold and I would like my husband to have the proceeds from the sale. He will most likely keep our home till it has gone up in value and will replace the money taken out to buy houses. I would like to keep the house I own if possible.
It should say houses I own.
Yes I don't earn enough to get a normal mortgage.
Hi I was just wondering when I will get an answer to my problem?
Hi Clare you haven't given me any idea as to what I am actual entitled to and I would like to know how much spouse maintenance I am entitled to? that was in my original question. Is spouse maintenance on top of child maintenance? I presume it is.
That helps thank you I would like to be as fair as I can with my husband.