financials

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Advice forum

scottonjackd
05.07.2018 8:02:19

5064

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

Join amicable space - your community for expert guidance and support

Become a member of our exclusive community to connect with amicable experts and others navigating separation. Get personalised advice, share experiences, and feel supported every step of the way by people who truly understand what you’re going through.