Of all the problems involved in separation and divorce, sorting out what to do with the matrimonial home can cause the most anxiety, as the family home normally represents the largest asset a couple own.
More than 150,000 marriages in the UK end in divorce every year, and Norwich Union believes that up to 35% of these couples are forced to sell their house or flat to cover the cost of their divorce.
Even in cases where one or other partner gets to keep the house as part of the divorce settlement, they may not be able to afford the upkeep of the house, bills, mortgage payments, and council tax with only one income.
The dramatic rise in house prices over the last few years has raised the divorce stakes even higher. In some areas of London a house worth £70,000 in 1993 is now worth upwards of £400,000.
This means that the family home represents an important asset for both partners. If one spouse remains in the home after divorce, their partner may need the house to be sold to give them money to buy or rent elsewhere.
With so many other contentious issues involved in a divorce, who has custody of children, as well as the division of any other assets, it may be advisable to avoid the sheer hassle involved in putting a house on the market having people look around the property, and generally organising the sale.
One solution which may help remove some of the stress from a divorce is to sell your house quickly, and avoid the process of putting your house up for sale.
Molae Properties can even rent back to either party or delay the completion of the sale to allow one or both parties to remain in the property whilst other matters are being settled. Contact us today to see how we can help.
