Hello, this is Jim, a dual-qualified lawyer (UK & Republic of Ireland) and happy to help you today.
Much depends if you can make progress with your husband in terms of agreeing finances. Your husband is retired and you have a few more years of earnings - this will be taken in to account. However, the fact you have minors means you could if you wanted to stay in the property (your husband to move out) until your 14 year old reaches 18, after which the property can be sold. Or, you can agree to sell the property and split the proceeds. You would both have housing needs - your husband has a fixed income being retired so he may want more than 50% of the property proceeds. Your financial situation would be taken in to account, as would his. But so would your capital contributions to the property (mortgage, deposit, any home improvement payments). If he has a pension you can ask for a share - I presume you also have a pension but if his pension pot is larger then you could use this as a negotiation tool. Same with any other assets he may have. So in terms of possible outcomes :
1. House is sold - sale proceeds are split - how much depends on what you can agree. The court's starting point is 50/50 but it can adjust this with reference to a number of factors including those I mentioned;
2. House is not sold until your youngest reaches 18 - this may be an idea given the poor economy due to Covid. The boys life with you - until your youngest reaches 18 and then the house to be sold;
3. Your husband buys your agreed share - you re-home yourself from this.
4. You agree to keep the property - this depends on his finances though. If he has other assets then potentially this is an option.
In terms of risks - if you use a lawyer then legal costs can be high in a family law dispute where finances are also disputed. You could deal with the financial element yourself without a lawyer (or use this site for guidance) to keep costs down.
If nothing can be agreed then you would need to issue financial remedy proceedings once decree nisi comes through (if you start divorce proceedings), so you ask the court to become involved in a financial settlement as well as the divorce.
Before you involve the court with the finances you need to contact a local mediator which is compulsory before you ask the court to intervene in the financial aspect. You can find a local mediator here :
Assuming mediation fails or your husband doesn't agree to mediation then you will need to issue financial remedy proceedings and you would need to complete and send two completed copies of Form A (one copy is attached) to your local family court and pay a fee of £255 payable to HMCTS.
The court will then list a first appointment and give directions for a financial dispute resolution hearing (FDR) where the judge will give their opinion on a likely settlement - which usually prompts a settlement at this stage. The court will ensure the parties make full and frank disclosure of their assets and liabilities to ensure the financial positions of you both are known and to allow the court to make a settlement decision. If the case does not settle, further directions will be given and a final hearing may take place if neither of you can agree to settlement terms.
To apply for a divorce, the site is here: https://www.gov.uk/divorce
And for information on a financial order: https://www.gov.uk/money-property-when-relationship-ends/apply-for-a-financial-order
Just a tip - the more you can agree with your husband, the better. If you can agree finances, a consent order should be done - http://www.divorce-online.co.uk can draft an order and file it with court. Just ensure you have a consent order before you apply for decree absolute.
I hope this helps - if you can please accept the answer and give me a 5 star rating (there should be a button at the top of your screen to do this), I can answer follow up questions at no extra charge and Just Answer will credit me for helping you today.