I would get three valuations and see what comes up on Zoopla for equivalents. Then invite the court to take the average of whatever you have.
I wouldn’t spend a whole load of money on valuations.
I think that’s a really good position for her to be in, she gets the house you get the debts. Bargain! I think not.
The problem for you is that if you have children under 18.
The potential problem you have here is that you have dependent children.
Parents are under a duty to provide a home for dependent children until they reach 18 and therefore, unless there is a lot of equity in the property, sufficient to release enough to the non-resident parent and provide a home for the resident parent and the children until the youngest reaches 18, it’s unlikely that the non-resident parent is going to be able to force a sale of the property.
The only good news is that the party that remains in the property is responsible for the mortgage and the bills.
The situation would be completely different if there were no children and it would be infinitely possible for the person wishing to sell to force a sale of the property if necessary under section 14 of the Trusts of Land Appointment of Trustees Act by applying for an “order for sale”.
Dependent children, under 18, change all that.
If the children live with her, and she is classed as the resident parent.
You would be liable to pay child maintenance at the CMS rates: which are here
Do read the whole document but the basic rates start at the top of page 18.
Child maintenance is reduced by 1/7th for each 52 nights that the non-resident parent has the children.
It is based purely upon income, not capital the fact that her income is higher than yours is not relevant.
Thank you for letting me assist you with your legal question. I am glad that I was able to help.
I am not certain whether that answers the question for you or not, but I am happy to answer any specific points arising from this.
It will be my pleasure to help you again either further with this or any future questions you have