rainbows end
Registered User
- Messages
- 10
Age: 49
Spouse’s/Partner's age: 51 (separated & living apart)
Annual gross income from employment or profession: 62,000
Annual gross income of spouse: 62,000 (ex husband)
Monthly take-home pay 3,200
Type of employment: e.g. Civil Servant, self-employed - Public Sector
In general are you:
(a) spending more than you earn, or
(b) saving?
Spending
Rough estimate of value of home - 350,000
Amount outstanding on your mortgage: 180,000
What interest rate are you paying? 3.2%
Other borrowings – car loans/personal loans etc - Car 429 pm, Credit Union 280 pm
Do you pay off your full credit card balance each month? NA
If not, what is the balance on your credit card? NA
Savings and investments:None
Do you have a pension scheme? - Public Sector Pension (12 years service for me), 40 years service for ex - he can claim at 60yrs in 9 years time.
Do you own any investment or other property? No
Ages of children: 23 & 16
Life insurance: Basic - Mortgage covered in the event of death of either of us.
What specific question do you have or what issues are of concern to you?
Myself and ex separated 6 years ago. We have no separation agreement etc. He is not living in the family home and renting a room elsewhere. He is paying the mortgage on the family home of about 1,300 pm - on 4 bed detached. I pay for everything else. He does not pay maintenance. The eldest is working abroad now after graduating last year and visits home a few weeks of the year. Only myself and 16 year old at home. We both are stuck financially and each want to move on to buy our own spaces. Is it possible to arrange the purchase of 2 small properties so we can all move on from this scenario.I can't maintain the house and am forever overdrawn. He also is stretched to cover the mortgage and can't rent a room forever. I am trying to avoid costly courtroom drama as long as possible. Any advice on how to take the next step towards 2 small properties.
Spouse’s/Partner's age: 51 (separated & living apart)
Annual gross income from employment or profession: 62,000
Annual gross income of spouse: 62,000 (ex husband)
Monthly take-home pay 3,200
Type of employment: e.g. Civil Servant, self-employed - Public Sector
In general are you:
(a) spending more than you earn, or
(b) saving?
Spending
Rough estimate of value of home - 350,000
Amount outstanding on your mortgage: 180,000
What interest rate are you paying? 3.2%
Other borrowings – car loans/personal loans etc - Car 429 pm, Credit Union 280 pm
Do you pay off your full credit card balance each month? NA
If not, what is the balance on your credit card? NA
Savings and investments:None
Do you have a pension scheme? - Public Sector Pension (12 years service for me), 40 years service for ex - he can claim at 60yrs in 9 years time.
Do you own any investment or other property? No
Ages of children: 23 & 16
Life insurance: Basic - Mortgage covered in the event of death of either of us.
What specific question do you have or what issues are of concern to you?
Myself and ex separated 6 years ago. We have no separation agreement etc. He is not living in the family home and renting a room elsewhere. He is paying the mortgage on the family home of about 1,300 pm - on 4 bed detached. I pay for everything else. He does not pay maintenance. The eldest is working abroad now after graduating last year and visits home a few weeks of the year. Only myself and 16 year old at home. We both are stuck financially and each want to move on to buy our own spaces. Is it possible to arrange the purchase of 2 small properties so we can all move on from this scenario.I can't maintain the house and am forever overdrawn. He also is stretched to cover the mortgage and can't rent a room forever. I am trying to avoid costly courtroom drama as long as possible. Any advice on how to take the next step towards 2 small properties.