financials

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Advice forum

scottonjackd
05.07.2018 8:02:19

4872

Hi, thank you for creating the forum and advice notes. Can I ask you something, please. My wife and I have been married for 10 years but things fell apart at Xmas and they don’t look to be resolving themselves. If I remortgage to pay my debts which I have built up with her how do I stand further down the line? Say for example I have £50,000 in equity but £20,000 in debt can I remortgage before proceeding further into divorce proceedings and then I have less to split with her? Basically I don’t want to have to give her 50% of the equity and then still be left with the debt? I can’t afford to manage my debt and start renting or buying a new place. She is not on the deeds or the mortgage but we do have 2 boys and my intention is not to sell the house as I want the boys to be stable. She has only paid for the gas and electric for the last 2 years and the first 10 years of our marrige she didn’t work. Sorry it started as a simple question but clearly not as short as I expected

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