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Hi, thank you for your question. Just a bit more information required to fully assist you:
-Is there a court order regarding the finances and payments you are making?
-How much child maintenance do you pay?
-What is your gross income and how many nights on average does your 17 year old stay overnight with you?
-Is he in A-Levels or approved government training?
What is the value of the home, the outstanding mortgage and the outstanding secured loans on the property?
Thanks for confirming. Given that there has been a divorce and you are both living in separate properties with new partners it would not be considered reasonable that you continue to fund the mortgage on the property or provide any spousal maintenance to her. You are liable to pay child maintenance which is calculated based on your gross income and how often the children stay overnight with you.
If you cannot reach agreement for her to buy out your property or her to meet the mortgage payments herself you should seriously consider applying to court for the home to be settled and equity split between you.
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