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My husband said we have to do a 50 / 50 split with everything we have, in theory I am ok with this but want to make sure this is correct.
I wish to remain in the house but can’t afford the mortgage or to buy my husband out, and we still owe money on the mortgage. What are my options? And is it right to do the 50 split ….
Replies (1)
Hi Millie, thanks for reaching out to amicable. If you're planning on applying for a consent order, the normal starting point for separating your finances when you divorce is a 50/50 split. However, there are many factors that might impact this, such as whether or not you have children, future earning capacity, debt and so on. Your agreement won't be legally binding until a judge has approved and 'sealed' your consent order, and they will only do this if they decide your agreement is 'fair'. I would suggest you book a free 15-minute call to understand your options. We also offer one-off coaching sessions where you can ask an amicable expert specific questions about financial arrangements.