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Failed FDR hearing
 
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Failed FDR hearing

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Posts: 30
Registered
Topic starter
(@tireddad)
Eminent Member
Joined: 3 years ago

So my wife has sent me a second WP offer as a LiP. She says it is her last offer but we have not received the sealed consent order from our FDR hearing yet??? She is offering me £250,000 which she has told me she is going to borrow.She has also said she will have to sell her investment flat and the FMH to pay it back. I should move out of the FMH on 15th August 2025 and then I will get the money  and then a sharing order of £50,000. The pension expert calculated £178,000 to equalise. So I can see she gives me £250,000 i rent  room adn them  she moves into the FMH. I. t is very likely she will get the sum from her parents as early inheritance. Surely if she can organise a loan of £250,000 she should sell the FMH and add that sum to buy another property?

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Posts: 5528
(@dadmod2)
Illustrious Member
Joined: 6 years ago

if you don't agree to that offer, can reject it. if she is primary carer of kids, then I think it's unlikely the courts will order a sale of FMH.

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Posts: 30
Registered
Topic starter
(@tireddad)
Eminent Member
Joined: 3 years ago

Hello all, so since my last post we had the FDR hearing. Judge suggested we sell and split FMH 50/50. He agreed with the pension report of £178K to equalise. She balked at the idea and suggested £150000for FMH and £85000 offset pension on the guidance of a non PODE registered adviser. She appealed some of the directions in agreed FDR order. Sealed order received in early May without appeal hearing.

 

We  discussed meditation. However I did not want to go through that expense an still end up at final hearing. Today she said to me  "I cannot consider an offer from you where you come away in a more secure financial position than me. I do not see that as fair or just."

This is what I have been trying to find out before mediation commenced. To me there was no logic in trying mediation if all she wants is further disclosure and to justify her offer. Ultimately she wants to offer me £250,000 for the FMH (valued at £855,000) and give me £70,000 offset from her pension (238,000). So that leaves her with the FMH, her investment property and her pension intact. So if she sells both properties and repays her loan (150,000) that still leaves her with 605,000 . I will have £550,000 plus a mortgage. However it is very likely she will get the money as early inheritance from his parents so will keep his properties.
Since reading this last message from her I accept we will be heading for the final hearing. The FDR hearing recommended 50/50 for the FMH , keep our properties and agreed with the pension report. But she balked at that idea. Has anyone had the experience of final hearing? Did the judge direct near to what was suggested at the FDR hearing?

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