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Clare
Clare, Family Solicitor
Category: Family Law
Satisfied Customers: 34105
Experience:  I have been a solicitor in High Street Practise since 1985 and have specialised in Family Law for the last 10 years
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My second husband and I have been married 4 years.

Resolved Question:

My second husband and I have been married for nearly 4 years. I have 2 sons 17 and 13 who live with me. My husband pays £500 per month plus a third of the food bills as I get Maintenance money from my ex husband. I'm not happy and I want to split up but I'm worried about losing the house to my second husband, can you tell me roughly what I can expect to have to pay him in settlement. For 3 years he paid £1200 per month part of which went into a savings account which we used to pay for holidays etc. I paid £18,000 off of the mortgage last April which was part of an endowment policy that matured. There is approximately £185,000 equity in the house, which has appreciated by approximately £35,000 since we've been together. Thank you for your help.
Submitted: 1 year ago.
Category: Family Law
Expert:  Clare replied 1 year ago.
HIThank you for your questionMy name is ***** ***** do my best to help you but I need some further information firstHow long have you actually lived together?How much is the house worth and how much is outstanding on the mortgage?What other assets and debts are there and what income do you each have?Clare
Customer: replied 1 year ago.
Hi ClareWe got married in Feb 12 and have lived together for a just under a year more than that. The house was recently valued at £285,000. When we first got together it was valued at approx £250,000. The outstanding amount on the mortgage is currently approx £100,000. I earn £28,000 per annum. He is a self employed builder and earns approx £20,000 per annum. We have a car worth about £3,000 and no other debt.
Expert:  Clare replied 1 year ago.
HI
What about the Savings Account?
Clare
Customer: replied 1 year ago.
We no longer have a savings account, since he reduced the money he pays into the house. At the time of dissolving the savings account we spilt the money in the account 50/50.
Expert:  Clare replied 1 year ago.
How much would a cheaper three bedroom property in the same school area cost to buy?
Clare and other Family Law Specialists are ready to help you
Expert:  Clare replied 1 year ago.
Hi Selina
I hope that helped
Clare
Customer: replied 1 year ago.
Thank you Clare.

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