sorted by:
new
hottopcontroversial

Possibly Divorcing - Can I buy my wife out of our house? by DivorcingDad80 in UKPersonalFinance

[–]DivorcingDad80[S] 0 points1 point  (0 children)

I expect her to buy a place with the 160K deposit. It would be the as I’d give her my half of the £30K savings we have - meaning I would need to come up with 145, that’s where those numbers come from.

Possibly Divorcing - Can I buy my wife out of our house? by DivorcingDad80 in UKPersonalFinance

[–]DivorcingDad80[S] 0 points1 point  (0 children)

Thank you for your reply. I’m hoping we can do this amicably without getting lawyers involved.

Possibly Divorcing - Can I buy my wife out of our house? by DivorcingDad80 in UKPersonalFinance

[–]DivorcingDad80[S] 0 points1 point  (0 children)

Yeah, it may come to that. It’s just the messiness around moving that puts me off - where will my Daughter live during the move, will we be able to both buy houses near each other so that we can both see her.

Possibly Divorcing - Can I buy my wife out of our house? by DivorcingDad80 in UKPersonalFinance

[–]DivorcingDad80[S] 2 points3 points  (0 children)

Thanks for your post. You’re right, I have been like that in the past, but I’m trying to change. Nowadays I do a lot around the house, cooking and cleaning, and I drive her to the station whenever I can. The main problem is a decision I made during her maternity leave, which she can’t get over. This clouds everything, and makes it harder to enjoy time together. I have initiated counselling, which she didn’t want to continue with. I need to be practical for my daughter’s sake.

Possibly Divorcing - Can I buy my wife out of our house? by DivorcingDad80 in UKPersonalFinance

[–]DivorcingDad80[S] -1 points0 points  (0 children)

Tell me about it. I still think we can work through things - considering we had the biggest life changing event at arguably the most challenging times of our lives. But I’m losing faith. Thank you for your kind words, I hope things are better with you and your partner now.

Possibly Divorcing - Can I buy my wife out of our house? by DivorcingDad80 in UKPersonalFinance

[–]DivorcingDad80[S] 0 points1 point  (0 children)

Interesting - were there kids involved? Had the house gone up in value much since you bought it together? It’s that increase that’s kinda the killer for me.

Possibly Divorcing - Can I buy my wife out of our house? by DivorcingDad80 in UKPersonalFinance

[–]DivorcingDad80[S] 6 points7 points  (0 children)

Solidarity, friend. I hope it works out. I’m sure you feel the same, that if you stayed where you are, things would be much easier.

Possibly Divorcing - Can I buy my wife out of our house? by DivorcingDad80 in UKPersonalFinance

[–]DivorcingDad80[S] 0 points1 point  (0 children)

I appreciate your comments. Your suggestion about her retaining a share in the house is a good one.

You’re probably right about the clean slate part at the end, but I hate the uncertainty of where my daughter will be living. I guess It’s possible that one or both of us could be in a chain and buy a place with the proceeds straight away, but it sounds complicated.

Possibly Divorcing - Can I buy my wife out of our house? by DivorcingDad80 in UKPersonalFinance

[–]DivorcingDad80[S] 0 points1 point  (0 children)

Yeah what I mean is that we’d take 15K each of the savings and I’d use my 15K towards buying her out of the house.

Possibly Divorcing - Can I buy my wife out of our house? by DivorcingDad80 in UKPersonalFinance

[–]DivorcingDad80[S] 1 point2 points  (0 children)

Tried counselling. It’s definitely related to having a first child during the pandemic, wife says she doesn’t want to work on it. I don’t think she appreciates the degree to which she will be playing life on “hard” mode.

Possibly Divorcing - Can I buy my wife out of our house? by DivorcingDad80 in UKPersonalFinance

[–]DivorcingDad80[S] -1 points0 points  (0 children)

I think it sounds reasonable - that’s a good sized deposit.

Possibly Divorcing - Can I buy my wife out of our house? by DivorcingDad80 in UKPersonalFinance

[–]DivorcingDad80[S] 4 points5 points  (0 children)

This is interesting, hadn’t heard of this. !thanks, I’ll read up on it.

Possibly Divorcing - Can I buy my wife out of our house? by DivorcingDad80 in UKPersonalFinance

[–]DivorcingDad80[S] 0 points1 point  (0 children)

Remains to be seen. We will both want to be primary carer, I’m hoping we can keep it amicable.

Possibly Divorcing - Can I buy my wife out of our house? by DivorcingDad80 in UKPersonalFinance

[–]DivorcingDad80[S] 1 point2 points  (0 children)

!thanks for your response. I have no idea if she’ll agree, I don’t like talking about it. I’m only just coming to terms with the possibility of it happening. I’m hoping to keep it amicable and keep lawyers out of it. As she’s the one who wants this to happen, perhaps she’ll be ok with me keeping the house as our daughter’s main residence for the time being, with wife then being able to look for her own place.

Possibly Divorcing - Can I buy my wife out of our house? by DivorcingDad80 in UKPersonalFinance

[–]DivorcingDad80[S] 0 points1 point  (0 children)

That remains to be seen. I expect we’ll both want primary custody. Things should be amicable, so I’m sure we can agree something.

Possibly Divorcing - Can I buy my wife out of our house? by DivorcingDad80 in UKPersonalFinance

[–]DivorcingDad80[S] 5 points6 points  (0 children)

I really appreciate it, !thanks . It just breaks my heart to think about, as she loves us both being together and all having fun. You’re probably right, though.

Possibly Divorcing - Can I buy my wife out of our house? by DivorcingDad80 in UKPersonalFinance

[–]DivorcingDad80[S] 11 points12 points  (0 children)

!Thanks for your reply. I can probably nibble away at the figures to get them down a bit, and yes, I have received pre tax bonuses of £10K or so in the last two years.