www.iva.co.uk

if my hubby agrees to leave the marital home and leave me and kids in the house would an iva still want equity considering my name isnt on the mortgage?

Hi LD, I have no idea about the answer to your question but have replied to bump it back up so that an expert sees it. Good luck Kazzy x

thanks kazzy, i still think its best i leave really but his mother said he should leave
so i dunno what to think or do

I suppose it depends on how it will leave you financially really and how you would be better off. I am sure Melanie or someone will be able to advise you. Hang in there. Take care Kazzy x

I could be way off the mark but i would think that if you stay in the house and he continues to make the mortgage payments instead of child maintenance then his equity woukd be safe as the mortgage is his and the debts are yours.

i may be wrong though???

It really depends upon how long you have lived together as a couple and whether you have developed a beneficial interest in the property. You may also have to pay rent to your ex-hubby, or forgo child maintenance in lieu.

technical aint it lol
thanks though mrs skint

what does that all mean melanie????

It's a bit technical to explain fully on a forum - but basically even if you don't legally own a property you can develop a financial interest by the very nature of you living in the property and contributing to its upkeep. One to take legal advice on really in the event of a marital separation.

we are seperating, its not a good marriage wont go into it on here though no one wants to hear the gory bits
i'll get there i know i will just gonna take some time
thanks melanie you are sooooo helpful

You ask away as much as you like. I know that you are probably in a lonely place right now, but you have many new friends on here to share the burden with. If I can help in any way I would like to.