need advise re new man and effect on settlement

Have met new man since split. In order that I don't have to sell house he is coming on mort to raise equity to buy ex out and pay debts off.

He is not currently living in house but we planned it for the summer. Wondering should we hold off on this as we are worried that him moving in could affect how much of a payout the ex gets. We will have no more finances available once new mort is in place so can't give any more over.

Have agreed all finances through mediation with ex (with him knowing nothing about where money is coming from) and am ready to have divorce papers filed.

Do we hold off moving in together unless the DN is in place or is it irrelevant cos there will be an additional person on my mortgage? Can anyone help.

Thanks

Loopy1, welcome to wikivorce.

Sounds like you are well underway with things, but for myself, I would not do anything about co-habiting or sharing mortgages until the ink is dry on your Decree Absolute and the accompanying Consent Order that lays out exactly what you agreed in mediation.

Why? Because until then EVERYTHING is on trust and not enforceable.

What if your ex takes offense at your NP getting his toe in the door and starts playing silly buggers when it comes to signing the consent order?

Or what if the ex wants a bigger slice of the pie when he finds out how you are going to fund things?

It might have been agreed in mediation, but people can change their minds. Until the decree absolute and the consent order, it is all up for grabs.

Just my thoughts, others may differ.

Best of luck

Mike

thanks

Think we will have to put the cohabiting on hold a while.

Cheers again.