Fair Settlement and paying mortgage after divorce

Hi

My marriage broke down in October 5 days after my dad suddenly passed away. My husband stayed in the house we shared and I stayed with my mam for a week or so, I then had to find rented accommodation for myself and my daughter as my mam could not cope with us plus greiving the loss of her husband.

I have not contributed to the mortgage since November as I only work 3 days per week as our daughter is 2 years old and I could not afford to pay half the mortgage plus rent.

When the marriage broke down i had £60.00 in my account whilst my husband had £9,000.00. We used his account as a joint account with my wages being paid into his account.

We bought a house together last year. It was in a run down state and valued at £250K we purchased the house for £234K we have a mortgage for £155K when we signed the contract for the house we agreed that if we split up the deposit £80K would be my husbands and any profit would be split 50/50. We have done this property up now over a number of months so will be worth more that £250K as it had been empty for 2 years.

I have agreed to sign the house over to him and asked for a pay out of £5,000.00. Is this too much? I am getting a number of abusive texts calling me a greedy so and so.

I have had to rent a house and furnish it and purchase a car to transport my daughter I have had to borrow money from family to do this as I did not have any and have not been given a penny from my ex husband.

I cant get legal aid until May as I already used it when we split up in the past and was threatening me with all sorts.

Any help or advice would be much appreciated, as I don''t know what I am meant to do about the house and what is a fair settlement figure.

Thanks

Bump

Ginger

I am so sorry to hear about your dad and the breakdown of your marriage.

The first thing you need to do - if you have not already - is to claim tax credits as a single parent. They can only be backdated for 93 days so you need to do this asap.

As far as any financial settlement goes, what is fair will depend on a number of factors.

We need to know your respective ages
Incomes
Length of marriage
Value of FMH
Outstanding mortgage
Other assets - savings etc
Pensions
Liabilities - ie debts/loans etc


Hadenoughnow