Sunday Times, 26/03/2023

Creative ways to live with an ex-partner — if you can’t afford to move out

Quoting Anto Clay and Craig Fuller of Stacks Property Finders

Anto Clay of the search agent Stacks Property Search, in Monmouthshire, thinks that tricky as such arrangements are, they will become more common in a climate of rising selling, buying and living costs. He mentions examples of divorcing couples trying to share the family home. “One couple split the home so that they each had a bedroom, bathroom and living space, but they continued to share a kitchen and would all eat together when the children were at home. They continued with the set-up for decades after they divorced.”

No level of wealth, of course, is immune to the upheaval of divorce. While Blackpool, where the average house price is £143,000, has the highest rate of divorce (43 per cent) in the country — according to research by Savills estate agency. Craig Fuller, a buying agent at Stacks Property Search in the Cotswolds, says 40 per cent of the high-end country houses he deals with that are coming on to the market are due to divorce. “Some of them have had a huge amount of money spent on them to make them ‘for ever homes’,” he says. “Property transactions with vendors who are going their separate ways can be tricky as there is often some disagreement on price and/or timing and buyers need to tread carefully.”

 

Read the full story here

If you are interested in buying a property in Monmouthshire, South Herefordshire and The Forest of Dean, please contact Anto / +44 (0)7771 885985 / antoclay@stacks.co.uk

 

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