Thanks for response.
The house is being marketed for £525k and we have an offer of £515k which we will probably accept. Mortgage and various debts, kitchen loan etc is approx. £290k so net equity approx. £225k. Little in way of other cash assets. We have pensions etc and each have a car.
I earn £71k basic (plus discretionary bonuses) and my wife works part time and earns approx. £16k with scope to increase hours. A 3 bedroom house in the immediate area will be approx. £400k.
I hope this is helpful and would appreciate your response and also the other points raised.
I have responded. A bit confused by audit trail though and status of subsequent reply from you.
We will not want to buy jointly as will have a clean break. I am prepared to give a bulk of the equity (65/35) and child maintenance above and beyond my requirements following reference to guidance on Government website (probably + 15%).
She realises that she may need to rent as I will need to initially at least.
I hope that answers your query.
Yes she has agreed to the sale and wants a clean break. However, as I have been paying £2k per month towards the mortgage and other costs, she has not exactly been pressing matters. We have not discussed settlement of our respective share of equity until we have a firm and accepted offer.
Thanks for you kind assistance.
This gives me something to go on for now and certainly makes things a little clearer.