Hi,
House Value - 325k euro
Mortgage Balance - 147keuro with 13 years left. House purchased with brother as she was not working and I was way off to get the mortgage (230k).
Relationship started 2000, 1st child born 2002, house bought 2003, married 2006, 2 further children born 2007/2009, and separated legally 2017.
Maintenance paid weekly without fail, plus some other adhoc costs and she remains in home. Court order I pay mortgage ( plus LPT, Insurance etc.) and up to date.
I have been researching what will likely happen on divorce and considering if paying full mortgage is a wise thing and should I pay half and bank remainder upon divorce.
She works partime now, claims WFP plus extras, in a relationship where he "stays over" and by the sounds of it not struggling - 2hols this year and I dont begrudge btw.
Court ordered she has a financial interest in property yet wondering would a 50/50 split apply , my view is probably yes until separation and bearing in mind the hardship I had when moving out to a bedroom in a strangers house, different relationship with kids as non resident. She has also been very difficult in this regard but another matter.
My debt position has increased further as a result of separation as I had to buy a new place with a family loan/mortgage as rental was impossible and costly. Court aware of this and didnt appear to be an issue.
What would you do ?
Thanks in advance.
House Value - 325k euro
Mortgage Balance - 147keuro with 13 years left. House purchased with brother as she was not working and I was way off to get the mortgage (230k).
Relationship started 2000, 1st child born 2002, house bought 2003, married 2006, 2 further children born 2007/2009, and separated legally 2017.
Maintenance paid weekly without fail, plus some other adhoc costs and she remains in home. Court order I pay mortgage ( plus LPT, Insurance etc.) and up to date.
I have been researching what will likely happen on divorce and considering if paying full mortgage is a wise thing and should I pay half and bank remainder upon divorce.
She works partime now, claims WFP plus extras, in a relationship where he "stays over" and by the sounds of it not struggling - 2hols this year and I dont begrudge btw.
Court ordered she has a financial interest in property yet wondering would a 50/50 split apply , my view is probably yes until separation and bearing in mind the hardship I had when moving out to a bedroom in a strangers house, different relationship with kids as non resident. She has also been very difficult in this regard but another matter.
My debt position has increased further as a result of separation as I had to buy a new place with a family loan/mortgage as rental was impossible and costly. Court aware of this and didnt appear to be an issue.
What would you do ?
Thanks in advance.
