It has recently been discovered during research conducted by Legal & General that the cost-of-living crisis which has swept the country has led to the postponement of 19% of divorces. It is understood that this will have affected at least 270,000 married couples. The high rise in interest rates and subsequent rise in mortgage rates Due to this couples cannot afford to run two properties following separation and due to the high rise in property prices, many divorcing couples cannot … [Read more...]
How is the cost of living crisis going to affect my financial remedy proceedings?
In the most recent survey carried out by The Office for National Statistics in March 2022, 87% of adults reported that there had been an increase in their cost of living. This is being exacerbated by the current rate of inflation, now over 10%, which is the highest it has been in over 40 years. As a result of this, many middle to low-income families are going to struggle to meet their everyday expenses, such as rent, utilities, food and clothing. Going through a separation and financial … [Read more...]