Who Gets the House in a Divorce with Children

Who Gets the House in a Divorce with Children: What Parents Need to Know

When divorcing your spouse, the primary financial consideration is always how to distribute the assets. The family home is, generally, the largest shared asset of any marriage. Deciding who gets the house in a divorce with children is a decision that parents must make together.

Understanding who gets the house in a divorce with children is essential to securing children’s future, understanding your financial responsibilities, and your future living arrangements in the event of divorce. The primary concern over who gets the house in a divorce with children should always be their welfare. Children need stability, with both parents providing a home for them.

Springbok Properties understand how challenging the decision of who gets the house in a divorce with children can be. As a property business that excels in customer service, we take a sensitive and dedicated approach to helping those homeowners to understand who gets the house in a divorce with children. We work tirelessly to secure the sale of your home quickly and completely hassle-free, allowing for division of your largest asset to be completed without hiccup.

To find out how we can help you achieve up to 99% of market value of your home with no upfront costs, call Springbok Properties TODAY on: 0800 068 4015.

Who Gets the House in a Divorce with Children: How Is Your Home is Divided?

In the event of divorce, homeowners have several division of property options. Any decision should be made in the best interests of the children and both parties. The options available to homeowners are:

  • To sell the family home, after both parties have moved out with the money gained from the sale of the property can be used to finance homes for each partner
  • To negotiate for one partner to buy the other out
  • To keep the home and not change ownership, with one partner electing to stay in the home until your children are
  • To transfer the value of the property from one partner to the other (this can be done as part of any financial settlement, with partner that gives up their ownership rights keeping a financial stake in the home, and eventually be entitled to a percentage of the house sale

When considering who gets the house in a divorce with children, should you decide to sell your house, Springbok Properties can help. We advertise your property on 170 online property portals, giving you maximum exposure to buyers across the UK. Contact Springbok Properties TODAY on: 0800 068 4015 and speak to our award-winning customer service team to discover how we can sell your home fast.

Who Gets the House in a Divorce with Children: Dividing the House in England, Wales

In addition to the above options, the who gets the house in a divorce with children question has another option for homeowners to consider. English and Welsh courts can defer the sale of a home by initiating a Mesher Order. This order postpones the sale of the home until an outlined event triggers the sale.

Examples of events applicable to a Mesher Order include postponing the decision of who gets the house in a divorce with children until the children are 18 years old.

Who Gets the House in a Divorce with Children: Dividing and Valuing the Home in Scotland

In Scotland, when calculating who gets the house in a divorce with children, the value of the property is always considered. If the home was purchased, or lived in by both partners prior to any marriage dissolution, this is also taken into account.

Should the decision of who gets the house in a divorce with children mean that one partner decides to transfer the deeds of the property to the other, the property must be valued on a mutually agreed upon date by both partners. This date is typically agreed to be as close as possible to the date of the transfer.

To find out the value of your home, call Springbok Properties TODAY on: 0800 068 4015. We provide more than 1,900 home valuations each month, enabling us to accurately value homes anywhere in the UK.

Who Gets the House in a Divorce with Children: Prioritising the Needs of Your Children

Most partners that choose to divorce,don’t choose to initiate a full court hearing when deciding who gets the house in a divorce with children, or indeed any financial disputes. Rather they choose to engage solicitors to arbitrate the settlements.

Any arbitration will carefully consider the suitability of each parent’s residence, deciding the most appropriate home for children, in terms of primary custody when deciding who gets the house in a divorce with children. This is decided by a range of factors that include: financial resources of each parent, proximity to schools and the suitability of each parent to manage any medical needs the children may have.

Parents are always advised to, first and foremost, act in the needs of their children. Any addition disruption to their lives, including property downsizing, including deciding who gets the house in a divorce with children, and changing schools can have a profound effect on children throughout this period of instability and change.

Springbok Properties is here to help families financially throughout the difficult time of divorce. Once it has been decided who gets the house in a divorce with children and the owner has decided to sell the home, we will list the property on all leading online property portals, Zoopla, Right Move and Prime Location to guarantee a fast, hassle-free sale. Call us TODAY on: 0800 068 7935to find out more.