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Topic:
Purchase of new house before settlement (2 Posts)
Started By:
Date:
26 April, 2017 11:58AM
Purchase of new house before settlement
Rythmix - 26 April, 2017 11:58AM
Hi,

I am divorced, and my ex has submitted a Form A. I am yet to receive a date from the court.

I have two children, and we have no assets to split.

I have been paying child maintenance at the CSA agreed rate ever since we split. I have also paid £150 PCM in Spousal Maintenance, despite no agreement ever being in place. I have also made ad hoc payments for school clothes etc.

Why she has submitted the Form A is beyond me. She wants more money in Spousal Maintenance a month I can only presume.

I want to purchase a new property with my new partner. All equity in the new property would come from my partner, and I would merely contribute to the mortgage. Will there be any repercussions on this? We would have the agreement drawn up as tenants in common.

Any advice gratefully received.
Re: Purchase of new house before settlement
davidterry - 26 April, 2017 06:06PM
In general it is better to settle formally and finally the financial issues arising from one marriage before entering into other financial transactions such as buying a new property with a property. You are inviting complication if you do this.
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