I earn €80,000 gross, and I'm currently paying €1250 nett (incl LPT and mortgage protection) as my share per month on the family home mortgage with my soon-to-be ex-wife. I'm obviously looking at my post-divorce options. In the event of a judge not ordering that the family home be sold, renting in this area, with sufficient rooms for my children to stay with me, would start at €2500 (at the very, very least).
It will be almost 20 years before my youngest becomes 23 so that will be a long, long time renting/paying dead money for sub standard accommodation for my children. The obvious question: is there any way on this income that I can get a mortgage to buy my own property?
If the court were to order the family home be sold, then we could each buy comparable homes on our respective incomes (she earns more than I, and works longer hours outside the home but she is a she). However, I've been told the family law courts have a cult-like addiction to not selling the family home for "stability" reasons (but removing the father from having the financial ability to live close enough to support his children apparently is "stability", where the children can magically suddenly develop resilience, in this exchange).
So, on this income, what financial options do I have in terms of my post-divorce home? Thank you.
It will be almost 20 years before my youngest becomes 23 so that will be a long, long time renting/paying dead money for sub standard accommodation for my children. The obvious question: is there any way on this income that I can get a mortgage to buy my own property?
If the court were to order the family home be sold, then we could each buy comparable homes on our respective incomes (she earns more than I, and works longer hours outside the home but she is a she). However, I've been told the family law courts have a cult-like addiction to not selling the family home for "stability" reasons (but removing the father from having the financial ability to live close enough to support his children apparently is "stability", where the children can magically suddenly develop resilience, in this exchange).
So, on this income, what financial options do I have in terms of my post-divorce home? Thank you.