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HI Clare, we have been married and living together for almost 40 years (next April). the house was valued at £239,995 and we owe with offset mortgage borrowing plans about £120,000. we only have one daughter left at home and she will be 22 later this year. i am unsure about my wife's exact income but she is a midwife and earns about £30k per year. I am self employed, and semi retired but do work. my last tax bill was about £25 as my income was so low, however, last year i did earn about £12 - £14K but at the moment and since April i have had no other work. I am 61 this year, my wife is 58. The only asset we have is the caravan i am having to live in 80 miles away but only until October. My concern is she wont sell the house, therefore i will not get any money. to look for rented property.
I am unsure really as she has dealt with most of our finances. She had a lump sum from NHS when she was 55 which was about £40k, which i do know we spent a bit, but she has invested the rest. i get about £40 per month from a private pension from years ago and i get another one at the age of 65 (a small lump sum and then a figure P.A.). Again my concern is do i have to wait for HER to sell the house? Does my 'Affair' have any bearing on the outcome of a settlement of the house and assets etc. I am worried she can, with the help of friends and family she can stay in the house in definately without selling forcing me to stay in rented accommodation and bleed me dry.
Buy? i would never get a mortgage at my age to be honest, but i would think £120 - £140K but that is a total guess, sorry.
Sorry internet access terrible here. Not that i know o,f i presume the next step is that i will be contacted or receive a letter. Will 'having an affair' or 'naming another woman' have any financial bearing on my situation.