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Hi, I’m Lea and I will be assisting you with your query today.
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The following is useful info to assist you with the site:
Once the decree nisi is through either party can apply for a financial settlement. You can agree this together, via the use of a mediator, or if neither of those options work, via an application to the court on Form A. Both parties will give full financial disclosure of their assets on Form E, and the court will take into account each parties needs, the needs of any minor children of the marriage, and make a decision on those issues and the factors as listed in s25 of the Matrimonial Causes Act 1973 to determine how to split the assets. The starting point for a mid to long term marriage would be 50/50 with adjustments made according to the factors.
What will happen to the marital home will depend on what finances there are in the marital pot as the aim will be firstly to house the children until they are of age, and secondly to ensure both of the spouses are adequately housed if at all possible - and ultimately to have a clean break so you can both move on separately.
You have a mid to long term marriage - starting point is 50/50. It doesn't matter who paid the mortgage or where the deposits came from. It's a marriage, all things are equal and if accrued during the marriage are considered part of the marital pot unless there are deeds of trusts stating the property is to be split in a different way.
It is impossible, in a Q&A forum, without seeing full financial disclosure from both of you, to suggest what your split might be - it is only possible to give you the starting point, and without children, and the discrepancy in your earnings, 50/50 seems the most likely with potential for spousal maintenance to her until she gets a better paid job (if capable).
No, because it was put into the marital home.
If there were kids, then it would not end up being 50/50. With such a huge discrepancy in earnings, it may not be 50/50. She may get more of the assets to compensate or you may be ordered to pay spousal maintenance for a period of time.
You can review Form E here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/953463/form-e-eng.pdf
You're very welcome.