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Financial agreement

stevo

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Hi,

Just looking for some advice as my Ex is stalling and not engaging with me to agree the financial consent order.

My situation is that we've been seperated since August 23 and pending the conditional order in a week or so. Our kids are in secondary school and I have them 50/50.

She was a SAHM throughout the marriage however a year or so before separation she got a part time job, which she still maintains. She is capable of full time work but for whatever reason, she chooses not to.

For the past 18 months or so (as I did throughout the 19 year relationship/9 year marriage), I've paid all bills including the mortgage on the marital home, all bills and rent on the flat i moved into. The marital home is solely in my name (mtg rates were better in solely name as opposed to joint) in terms of the mortgage and deeds.

We had originally verbally agreed 60/40 equity split, 50/50 of my pension, she retains marital jewellery approx £20k and I pay the £25k debt amassed running both homes.

However she recently expressed a desire for a living with order which has floored me and IMO is money motivated. This has also had me reevaluating my offer and frankly is it over generous? Equally surely if she does a PT job and I'm working 60+ hrs a week whilst having the kids 50/50, how is that fair? Feeling increasingly like I'm over a barrel, I've done the decent thing and she just expects me to paying all her bills while she comes out with a majority on the settlement l, if she doesn't get her own way then she finds something else such as threatening me with a lived with order
 
Yeah, you need to put your foot down. She should receive an amount equal to CMS and nothing else. If you're paying the mortgage, carry on paying it and deduct that from the CMS amount. If you don't, she has no reason to settle as she is too comfortable now. You're also setting up a precedent for long term spousal maintenance and her working part time. The lazy cow sounds like she needs a kick up the arse.
 
Yep! I'm currently not paying CMS as I have our kids 50% of the time, I guess I need to continue paying the full mortgage until it sells? Just don't know how it's fair, she can flat out refuse to contribute but still expects 60% equity when it does sell
 
Yep! I'm currently not paying CMS as I have our kids 50% of the time, I guess I need to continue paying the full mortgage until it sells? Just don't know how it's fair, she can flat out refuse to contribute but still expects 60% equity when it does sell
If you are paying the whole mortgage, perhaps give the bank a ring and switch to interest only for a while? That will at least mean she isn't gaining any more equity until the property is sold.
 
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