What happens to my home and other properties on a divorce?

Your family home is not just an asset, but the place where you live (or have lived) together, and where you may be raising any children. It will inevitably be a big consideration in any divorce or civil partnership dissolution. You may have other properties too, including investment properties or other homes.

You will need an up-to-date valuation (or market appraisal of the realistic sale price) of any properties to consider the options and the best way forward. The right solution will depend on your particular family circumstances, each of your needs and the overall picture of income and assets. If you can't agree the court will make a decision as part of an overall financial settlement.  In practice, in relation to your home, the court's first consideration will be the welfare of any children of the family.

There are various options which you (and ultimately the family court, if you can't agree) can make in respect of properties, including:

An order for sale (and setting out how the proceeds of sale should be divided)

An order for transfer to one partner 

An order that the property should continue to be held by you both until a specified time or event (such as until children reach the age of 18).

Find out more about financial settlements on divorce or civil partnership dissolution, and what the court will take into account.

Have we answered your question? Would you like advice on your personal circumstances?

Email us at hello@ngalaw.co.uk or call on 020 3701 5915 and we will explain how we can help.