My initial question was perhaps too simple. What I would like to do is find out what I can expect to receive financially should the house be sold.
Our position as as follows:
I am self employed. Currently earning £41,000 per annum
Lynne (my wife)is employed as a special needs teacher in the early stages of her career. She currently earns £23,000 p.a. plus child benefit £1776 plus child tax credits £3000. I also pay £330 per month child maintenance and £250 towards the mortgage of £600. (Sorry I was netting the figure off when I said earlier I pay the whole of the mortgage, as it is me who actually pays it)
I currently rent a house at a cost of £685 per month.
Lynne has offered the following: If and when the house is sold she wants to take £9000 to cover her cost of retraining as a teacher. She argues that, when we were family I was supported to retrain as a bookkeeper. In order to enable her to buy a suitable house she needs £120,000 as a deposit and therefore suggests splitting the proceeds 2/3 in her favour (after deducting the £9000).If I agree to this she will agree to sell within 2 years.
Lynne feels she is entitled to buy a house whereas she doesn't consider that I should also have that right.
I feel the split should be 50:50 but could be persuaded to accept 50:45 if this could be resolved sooner rather than later.
Do you think a court would rule that she be allowed to stay in the present house until Raf is 18. (he is 10 at present)
Is a court likely to agree Lynne should have a greater split than me?
If so what is your opinion as to what that ratio should be?
Am I liable for Lynne's retraining costs?
I trust this has clarified the situation a little. I hope I may look forward to your reply.