A new home

Renting
Two into one does not necessarily give you equal halves in the world of the divorce settlement and this can present a huge problem for those concerned.  Renting can often prove to be a very convenient solution.  However, you will need to know how things work in this probably unfamiliar world of being a tenant.  

Despite the current state of the property market the high levels of borrowing often needed to sustain mortgage payments means that in many instances there may not be a great deal of equity in a property.  When that has to be divided between two people it can prove problematic to find affordable accommodation for both of you.

For many it will inevitably mean moving to a smaller property, finding someone to share with or a move to a less desirable location.  Whatever move you make you will need a good local solicitor to handle it for you.  Others may have to go to the rental market or move back to the parental home and mother's not so great home cooking.

It's not all bad news
Fortunately, it is not all doom and gloom and many divorced men and women do manage to keep their feet on the house buying ladder.  Buying (and selling) any type of property is rarely straightforward and can add great stress to an already stress laden life after or during divorce.

A home is a necessity not an optional extra.  Divorced or not, overcoming the difficulties inherent in moving home can ultimately prove to be extremely stressful but if successful, ultimately very satisfying.  Renting might be a little less stressful as a temporary measure.

To avoid unpleasant surprises make sure you do your sums accurately and remember to cost in all the extras such as agent and solicitor's fees (we can help you find a good local solicitor), the cost of the stamp duty, removal costs etc. and remember that buying a house is a business transaction so be prepared to bargain hard for what you want and stand your ground.  The price of a property depends a lot on how badly you want to buy it and how badly they want to sell it.