Hello All,
We've just done our first mediation session. My wife is looking for 200K out of a 250K assets pot. The area she has chosen to live in 3 bed properties start at 380K. She can raise a mortgage for 180K, so needs a deposit of 200K. Her argument is strong for staying in the area. Support network available, kids friends nearby etc etc. (However, 3 miles down the road property is much cheaper but she dosnt want to live there) I have offered her a 60/40 split in her favour. 150/100K. She has said she will go to court if she doesnt get the 200K. I'm wondering if a Mesher Order could work. Say we split 60/40 I loan her 50K out of my 100K to be paid on sale of her house when the kids are 18. Is this how it works? I appreciate it ties up my money for a few years but she gets her house and we dont go to court. Does this sound reasonable?
We've just done our first mediation session. My wife is looking for 200K out of a 250K assets pot. The area she has chosen to live in 3 bed properties start at 380K. She can raise a mortgage for 180K, so needs a deposit of 200K. Her argument is strong for staying in the area. Support network available, kids friends nearby etc etc. (However, 3 miles down the road property is much cheaper but she dosnt want to live there) I have offered her a 60/40 split in her favour. 150/100K. She has said she will go to court if she doesnt get the 200K. I'm wondering if a Mesher Order could work. Say we split 60/40 I loan her 50K out of my 100K to be paid on sale of her house when the kids are 18. Is this how it works? I appreciate it ties up my money for a few years but she gets her house and we dont go to court. Does this sound reasonable?