The house is worth £200k and being sold for £100k, half of which is effectively my ex-wifes.
That leaves £50k equity for myself although I have had to borrow £25k to fund my divorce settlement. I need to repay the £25k from proceeds and worse case scenario pay the CSA £25k towards my £60k liability to them, although I would rather make payments over the next 5 years than lose the £25k.
my wages are currently £20k per year but do receive a variable dividend in the region of £30k per year from a company I have a 70% share in.
I borrowed the £25,000 from a personal friend who needs the money back as soon as possible. There is no charge registered for the loan against the property.