Society & Culture2 mins ago
Financial settlement after divorce
How much information am I obliged to give my ex wife's solicitor as we negotiate a settlement. I cannot afford a solicitor so am doing this alone. I can easily provide income and expenditure, details of my wage and assets / liabilities, pension details, wageslips. But they have written to me (for the first time so we can negotiate) to request a number of things, including a whole years bank statements.
What am I obliged to provide, and is it possible they are fishing with other requests. (such as whole year bank statements). I have nothing to hide but am a little wary of what they wish to do with the information.
Plus another question. I would just like to hand the house to my ex wife as a clean break settlement and remove my name from the mortgage account and deeds, but is this as straightforward or could the lender put a stop to this if they thought she was unable to meet repayments? In a divorce case would the lender treat it the same as any other transfer of equity and refuse the request? Thanks in advance.
What am I obliged to provide, and is it possible they are fishing with other requests. (such as whole year bank statements). I have nothing to hide but am a little wary of what they wish to do with the information.
Plus another question. I would just like to hand the house to my ex wife as a clean break settlement and remove my name from the mortgage account and deeds, but is this as straightforward or could the lender put a stop to this if they thought she was unable to meet repayments? In a divorce case would the lender treat it the same as any other transfer of equity and refuse the request? Thanks in advance.
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For more on marking an answer as the "Best Answer", please visit our FAQ.i was in a similiar situation and my husband and i split up, i was paying the mortgage on my own for a few years, but when it came down to him taking his name of the account the building society wouldnt allow it because although i had been paying it myself, on paper , e.g incoming and outgoings, i wasnt able to.