[Solved] Wife wants a mortgage free house

Sorry to hear of this.

I am not a lawyer but your not a high asset couple on the face of it and therefore assessment in court will be needs based. The children come first - therefore if its 50-50 then so should assets to provide equally for your children.

It may be worth legally documenting the agreement of the children before she changes her mind on this and uses them to stake a bigger claim.

Hi Walshy

I do a lot of family law work but not the financial side of things. However I can tell you that the Courts will look at starting at a 50/50 split, as Boycie says, it will depend on the needs, if she has the children living with her, that will tip more into her favour i.e. 60/40 but the Court will also look on other matters such as both incomes, pensions, shares etc.

Will do..she is up and down like the preverbal..so the quikcer I get a deal secured the better

What my wife is now saying ..as she is unable t get a mortgage (as she has just started a company)..I will have to buy her house outright..and apparently her solicitor has told her she is entitled to it..despite a 50-50 custody agreement

Mmm....I dont know about that, maybe entitled to spousal support but I dont know anything in that area.

Sounds a green rub though.

Regards,

Dave

Sounds like horse maneour - you only need to pay what is asked. Anything else is a bonus and so the key principle to work on is that there is enough money in the ktty to provide for both of your housing needs.

BW

Thanks Boycie..she is using advice from a woman who is going through divorce (and is bitter and twisted) but is thinking she is going to live the dream..ie house all paid..then she can work part time...although we agreed 50-50 custody of kids etc..it all seems stacked in her favour ..despite the fact SHE wants out not me !!

Depends how far you want to fight this. Key thing is be cautious as she may potentially use the kids to win the war, so be prepared to lose the odd battle.

If you have more than one house she is likely to make a good case. If not then stick by your guns.

Hi Walshy

Can I just say that the Courts have put an end to "women living the dream", it is worked out much fairer, including the ex having to work, even if she has to retrain etc, only a certain of time s given, it is no longer a pot of gold for them to have what they want. So as I have said to you previously the Courts looking at all aspects.

Hey Friend, many thanks for your words of support..its really worrying that when bitter women start talking, they create a storm and beleive they are invincible! As I am going for 50-50 custody I dont see why she thinks she is going to fleece me..!!

I know I am not the first, or will be the last..but feel that justice will be done ( I hope)

I will keep you posted..

Cheers

Its quite amazing ...as my soon to be ex wife is so confident she will fleece me..and is lookig at houses well out of her price range..as she thinks I am buying it!!

Well she can look and dream...heheheh...cant do anything till the old stuff is sorted out first 🙂

She has agreed joint custody, but is using the kids as a bargaining tool for her mortgage free living...As we are going for 50-50 custody...my brief says we are entitled to exactly the same :)..let the battle begin