Their house is worth £225k and the mortgage is £145k, he wants 40% of the total equity when she sells in 15 years time.
My daughter is happy to agree 40% of the equity now but it doesn't seem fair to think her husband would get 40% of all the equity after she has paid the mortgage for the next 15 years She is hoping to get the mortgage into her sole name.
My daughter earns £11k and her husband earns £35-40k.
He no longer lives in the house and she is waiting to hear how much she will get in tax credits. She has spoken to a financial advisor and he thinks that she will be able to cover the mortgage on her own.
Yes they have a repayment mortgage.
No unfortunately not.
Possibly, but it would be difficult.
My daughter has a frozen pension with Nationwide which she was paying into for 12 years with 3 maternity breaks. Her husband has a frozen one with an old company and is now paying into one with his current employer.
They haven't really thought about them, but she thinks they will just have their own. Although she will bring it up at mediation next time.
My daughter's is worth about 50k but she is unsure about her husbands. She expects that his will be more but is unable to get this information at the current time.
I have been asked to rate the answer. I don't think I have had an answer yet, you have asked questions for further information regarding the situation but I haven't had a clear answer. I presumed you were gathering the information to give me a more informed answer.
I wanted some guidance and a possible solution to my first question.
Thank you, ***** ***** really helpful. One last thing, can you explain spouse maintenance, it's not something we have come across before. You say that she would be entitled to claim it, if he has 40%, is this based on the figures I have given you?