Property Price Increase Means Some Divorced Couples Remain Living Together

The growing price of property has resulted in 1 in 6 newly divorced couples having to continue living in the same house – a figure that has increased since 2014 when it was 1 in 10.

Approximately 90% of people had to remain together for more than a month and 39% had to remain under the same roof for more than three months. However, with the option of renting or planning to purchase a new property, this solution need not be a permanent one.

A 2016 ONS report revealed property prices are now 7.6 times more than the average UK salary and that the cost for those in a position to buy a new property is likely to cost around £145,000 which firmly suggests that the new property purchase is a downsized one.

Lawson-West are experts in both Family law and all areas of Residential Conveyancing so are able to work together to support you with divorce, separation and subsequent property transaction with ease and clarity.

Head of the Lawson-West Family department, Alistair Dobson, suggests: “A Financial Settlement Agreement or a Court Oder during divorce proceedings allows you to make financial plans early on. If you have made the decision to separate but need to remain in the same house perhaps because the children are still in education, you are in a better position to decide on your financial end goals early on.

We have offices in Leicester, Wigston and Market Harborough and can meet at a time that is most suitable for you. Please contact us on 01858 445 480 / 0116 212 1000 / 0116 212 1080 for more information."

 

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