In today’s stressful modern society with its long working hours, money pressures and unemployment it is no wonder that 42% of marriages end in divorce according to the latest figures from the office of national statistics.
One of the hardest things to sort out when a couple separates or divorces is what happens to the home and this becomes even harder to resolve if there are children involved often ending in a dispute and court proceedings.
One of the biggest areas of concern when separating from a partner is what happens to the family home. Depending on whether the couple separating have children or not the matter becomes even more complicated and potentially litigious as well.
So what happens when a couple goes their separate ways? In general a few things could happen.
a) One of the couple stays in the home and one leaves but the ownerships stays in joint names with one having the legal right to stay in the property (common when children are involved)
b) One of the couple leaves the home and ownership passes to the other with a payment to one party of their equity
c) One of the couple stays in the home, the other moves out and the ownership becomes that of the ones remaining in the home with the other party having a second charge for when the property is sold
d) The property is sold outright with the proceeds split between the two individuals
So if you have decided that d) is for you the last thing you want to do is live under the same roof together so you want to sort out what happens with the home as soon as possible.
This is normally not a problem but what happens if you have just had enough and you cannot sell your home but you can’t go your separate ways until the house is sold and living together has become a misery? You could contact us and try our tried and tested 21st century way of selling your home which the estate agents can’t tell you about as they simply don’t know about it !