We had a valuation for £950,000 at the time (April 2013) but the Consent order does not mention the value of the house at all. As I said the amount he was going to pay me was £348,000 which was fixed by him. I accepted anything, just to stop the byllying and threats and finally dissolve all financial links with him. My solicitor told me at the time that this was not favourable for me but he bullied me into it. I actually paid twice for the Consent order because he changed his mind on what we had agreed
Now the house is valued at £1,149,000 and we are hoping to sell it for £1,130,000 ideally or a minimum of £1.1 million.
The problem is that he took the money from the extended mortgage borrowing facility to start paying me off (which was not the way we agreed) and then also took additional £50,000 and bought shares which have since plummeted. So the facility is maxed out and we pay a lot of interest on it. he has not been working for the last 11 months and I have been in part time employment which brings me variable income every month which is below tax threshold. So I had started using the credit card to survive and am doing short lets in the house in order to generate some income - but still do not make enough to even pay the mortgage and bills every month, let alone to support my younger son and myself in a city as expensive as London.
My ex-husband lives in Belgrade with our son, at his parents place, who pay for everything, and he stll spends every month £1000-£2000 on his credit card which has no jeopardised our joint account which has been maxed out too.
So the situation is getting close to desperate, the house is not selling and he is not helping to sell it, actually he is bheaving more like he is blocking it, and is pushing us closer to financial demise....
Sorry for the lengthy explanation, but it is a complicated situation. He resents the fact that I am keeping the money he started paying me for the house which I am saving for the deposit for the flat, which I have to buy for me and my son, but as it turns out, it is very difficult for me to get a mortgage....
Let me know your thoughts