Husband separated from his disabled wife - finances on separation
07 March 2011
The equity in the former matrimonial home was £250,000.00. The husband wanted to sell the family home, thereafter the wife would get £200,000.00 in order to re-house herself and the children and the balance (£50,000.00) would be paid to the husband as a deposit.
The wife wanted £1,500 per month maintenance for herself and the children, together with the family home. She suggested that the husband gets a 15% Charge over the family home to be realised in the future. The husband was anxious to be released from the mortgage and have a financial clean break from the wife.
We persuaded the judge to sell the former matrimonial home; £200,000 would be paid to the wife and the balance to be paid to the husband. The husband would have a 30% Charge over the wife’s new property. The husband was to pay nominal maintenance to wife at 5p per annum. This would enable the wife to purchase a home, mortgage free and would provide the Husband with capital to get back on the property ladder.
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