Divorce
#1
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Hoping the guys, girls and anyone good at splitting up can help me
Lets say two people have bought a house and are now splitting and one is buying the other out...... They have both paid in using the figures given. equal
House bought for 200K
House now worth 250K
Mortgage settlement 185K
Contents 10K
It is simply a case of one gives the other 37500??
Thanks
Ian
Lets say two people have bought a house and are now splitting and one is buying the other out...... They have both paid in using the figures given. equal
House bought for 200K
House now worth 250K
Mortgage settlement 185K
Contents 10K
It is simply a case of one gives the other 37500??
Thanks
Ian
#2
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your maths is spot on. however, are the deeds in both names? could be a stamp duty cost to be factored in when transferring half of it across
good luck - sounds like it's being resolved amicably which has to be the best way.
Gordo
good luck - sounds like it's being resolved amicably which has to be the best way.
Gordo
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Dealing with divorce amicably is so much cheaper than appointing a lawyer. If both parties are agreeable to the settlement, why pay a "professional" to milk both parties by falsely representing they are entitled to more. My ex wife lost out (around £70k) by taking poor legal advice. Had she taken what was offered......
#7
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Ditto, if they can agree (like adults) and just get it rubber stamped by a solicitor then that's by far the cheapest solution.
Solicitors are very good at winding parties up into an "you're entitled to it..no you're not" argument, then in the 11th hour suddenly back tracking for a 50/50 solution (and getting their fee's added in)
Solicitors are very good at winding parties up into an "you're entitled to it..no you're not" argument, then in the 11th hour suddenly back tracking for a 50/50 solution (and getting their fee's added in)
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