Can a time be set on sale of home after divorce?

Ninnjas wrote:

Would it be possible for her to still borrow money against her part of the house, even though her (soon to divorced) spouse and son remain there for the time being?

Wouldn''t it make more sense for her s2bx spouse to borrow money against it and use it to buy her out?

Don''t know how big house is or if you''d get a 2 bed house for £175k round your way but that would be another option

It would be a good idea if her stbx spouse could get a mortgage to buy her out but at 65 yrs old and retired would he be able to do this?
Seems the best option all round is to sell the property - so everyone can move on with their lives?

Thank you very much everybody.

Yes the STBX is 65 and retired on a fairly small pension. He could not realistically buy her out. The 21 year old earns very little (dont they all these days)so he could not realistically live elsewhere.

They live in an area where 175 will maybe get you a one bed flat. Reading some of these posts its apparent that there is so much angst (probably understandibly) against former partners who are only too pleased to see the downfall of the person who they were once so close to, but with us its not really like that. My ex wife is still my best friend! My partner cant bring herself to get down and dirty and make her STBX homeless.

Its all a mess really? We need to see a decent financial advisor and maybe CAB I think.

Once again, thank you all for your advice.

Good to be friends with your ex. I am, I see her as part of my family still. It isn''t about seeing your ex homeless but both parties need housing post separation and £350k is a lot of equity to play with.

Don''t forget though the split doesn''t have to be 50/50 and all assets are to be divided not just the FMH.

If because he is retired he needs more than 50% then that can be agreed but still gives your partner her share now.