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Statement of information form

  • Sparkes
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16 Jul 21 #517291 by Sparkes
Topic started by Sparkes
Hi there wonder if anyone could be of help? Statement of information d81 form!! What does property ( net of mortgage mean)? Our house value is £265, 119,00 current balance is £100,365.16p my solicitor says my share is £80,791,42p does this mean 50/50 share of equity before split is agreed at court. We have agreed in principle a a 66/34 split because wife has my daughter. What would my ex wife's share be in this matter of ( net of any mortgage) she is unsure. Would be greatful for any help.

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18 Jul 21 - 18 Jul 21 #517296 by wikivorce team
Reply from wikivorce team
The D81 is a record of the assets that you each held BEFORE the new divorce deal that you have negotiated.

So in your case:
House value = £265K
Mortgage balance = £100K (I assume this is what you mean by balance)
Equity in property = £165K (ignoring costs of sale eg estate agent fees)

If the house is currently in joint names and 50:50 ownership then:
- your property net of any mortgage is £82.5K
- her property net of any mortgage is £82.5K

(It looks like your solicitor is deducting some costs of sale to lower the final equity available - which is fine and if you want to use those figures then put £80,791 for each of you as the figure for Property net of mortgage).

The figures showing the 66/34 split will be contained in the wording of the Consent Order.
Last edit: 18 Jul 21 by wikivorce team.

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