Buying again after separation - is it a good idea?

[rainbows end]

Hi,

Would leaving the family home (where the mortgage is paid for by the ex) or starting a mortgage again in my own name be a better plan in the long run?

There is no separation agreement in place and he has access to the house but lives abroad mostly. Our 2 children live with me and I pay for everything else except the mortgage.My salary is 50,000 approx.

Sale of the family home might generate 30,000 each to start again.

I can't decide. Trading down from 4 beds to something smaller seems like more sense but it will cost me.
Any idea's?

 

[Brendan Burgess]

You will have to provide much more information. The following will give an idea of what you should provide:

Information required for mortgage arrears and negative equity questions