Achieving a financial settlement in favour of a Wife

Sophie acted for a Wife in financial proceedings following a marriage of twelve years. There were two children of the marriage, who continued to live with the Wife. The parties jointly owned two properties, both of which were rented to tenants. Rather unusually in light of the circumstances, both parties resided in rented accommodation.

Throughout proceedings, the Husband had argued that he should have significantly more of the net equity contained within the properties, due to a significant contribution from his parents towards the purchase price and refurbishments. The Wife sought a settlement that would result in her securing accommodation for her and the children of the marriage.

At final hearing, Sophie negotiated a settlement in which each party retained one of the jointly owned properties. The property retained by the Wife had significantly more equity than that retained by the Husband. Sophie also secured an equalisation of pension income in favour of her client.