Help me please, don’t know what to do!
My wife and I are cohabiting after over a year separated, mainly due to financial reasons.
But now it’s becoming unbearable, especially with an 11year old daughter who has Autism.
My main concern is our daughter.
We own a house valued at £650k, which has £105k left on the mortgage.
I put £8k deposit, she put in £165k.
So profit would be £535 (taking £10k off for fees etc).
She does not want to give me half (£267,500), as she won’t give me any of her deposit.
The most she’s offering is £170k as this is all she can afford.
However with this much I won’t be able to afford a suitable place for me to have my daughter at the planned 50/50 custody.
I’ve suggested mediation, but she won’t do it, despite me offering to pay for it.
So I’m stuck now. If I take this to court it will cost £30-40k, plus I’d have to move out and rent until it’s resolved, which would be throwing money away.
Two bedroom properties in our area are £2k/ month.
Would courts rule 50/50 in this situation, as this is what I’ve been told.
Or do I just take the £170k and be done with it?
Help! Any ideas please? 🙏🏽