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[Solved] Pips meeting and financial advice


Posts: 50
Registered
Topic starter
(@welshred)
Trusted Member
Joined: 13 years ago

Hi

Back again, I got to attend a pips meeting next wednesday, any ideas on what to expect?

Also, having split up from my ex, we purchased a house at £227,000, and put down in capital £163000. We extensively renovated the house, absolutely stunning property, granite worktops,two new bathrooms,kitchen open plan. It's a very,very nice house. This was bought in April 2010, and renovation was complete by the end of the year. I have taken NOTHING from the house. My ex has now said she's had the house valued at £200,000.

She's on a higher wage than me-almost £8k a year more, she has our 9yr old twins staying with her, and I am paying maintenance every month. On top of this she is getting working tax and child benefit.

In your experience,although I don't believe. In the house valuation, but basing it on this scenario, what do you think I should expect to get in a settlement.

As always, cheers lads!!!!!


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(@Darren)
Joined: 14 years ago

Noble Member
Posts: 1072

Hi Welshred,

Hope you had a good weekend away after court, (must have been good as if it's taken a week to recover and get beck here :whistle: :whistle: )

The PIPS meeting is more like a course, you sit around a large table with other mums and dads in a similar situation to your own, the person or people holding the course will ask you to contribute as much or as little as you feel comfortable doing, and you will work your way through a work book, discussing what the effect of your relaltionship break down has on your children, and they will show you ways to try and handle things differently so as not to get caught up in too many arguements.

It feel slightly daunting walking into a room full of people you don't know to talk about your situation, I was lucky though as my girlfriend was going through court with her ex at the same time as me and as luck would have it we were sent on the same pips course 😆

As for the house and equity in in this will differ and will be down to how much of a fight you put up. I guess as your ex has the twins living with her then she would be looking to remain in the house or if the house was sold to take the larger share of the equity, like i said though it will be down to how hard you want to fight over it, just remember if you fght too long it will cost you more in the long run than exepting a lesser amount in the first place.

Darren


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 actd
Registered
(@dadmod4)
Joined: 16 years ago

Illustrious Member
Posts: 11897

I would certainly want at least one, and possibly two more valuations - preferably with you being there is possible.


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