Hi, thank you for your question. Just a bit more information required to fully assist you:-Are you in England or Wales?-How old are you both?-How long were you married?-Do you have any children together, if so their ages and proposed arrangements?-What other assets and pensions do you both have (both sole and joint), together with values?-What are your respective incomes?
-Have either of you remarried?
Was there a court approved financial settlement as part of the divorce, if so what were the terms?
What are your current housing needs - do you have suitable accommodation and how is this funded?
Thanks for confirming. What were your contributions towards the deposit for the property and outgoings during the marriage?
Thanks for confirming. Given the medium length of marriage, no children and his higher salary and earning capacity, it would be reasonable to expect for you to have a slightly higher settlement of all matrimonial assets than the usual 50-50 that the court starts with. However, given that you have stated there are no other assets, and the equity in the property is approximately £99,000 (not taking into account the necessary costs of sale), a 50% split would mean £49,500 - and if he is unable to fund at least this lump sum then the property would have to be sold in order for you to realise your interest in the property.
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