red_tom
New Member
- Location
- East London
Possibly one for Patrick if he is around.
My wife and I are splitting up (we've just grown apart - it's all very amicable). The only thing we need to do is to sort out the split of the equity in the house. We're not going to actually sell, her parents are going to give her the money to buy me out. We've had some valuations done and have agreed on a value for the house. Things are slightly complex in that she put in a deposit for the first place that we bought which we then sold to buy our current place. We are still married (and were at the time of the original purchase) but looking to get a divorce in the near future.
Is there a standard calculation that is used for working out who gets what? I don't want to be an a4se about it but a the same time I don't want to get fleeced. Her ma (partner in a law firm) is suggesting that the value of the deposit should increase at the same rate as the value of the properties (so the percentage of property value remains constant).
My wife and I are splitting up (we've just grown apart - it's all very amicable). The only thing we need to do is to sort out the split of the equity in the house. We're not going to actually sell, her parents are going to give her the money to buy me out. We've had some valuations done and have agreed on a value for the house. Things are slightly complex in that she put in a deposit for the first place that we bought which we then sold to buy our current place. We are still married (and were at the time of the original purchase) but looking to get a divorce in the near future.
Is there a standard calculation that is used for working out who gets what? I don't want to be an a4se about it but a the same time I don't want to get fleeced. Her ma (partner in a law firm) is suggesting that the value of the deposit should increase at the same rate as the value of the properties (so the percentage of property value remains constant).