Apr 13

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By Kevin Dockerty

Ask any solicitor their advice on a do it yourself divorce and they will nearly always warn against it – why, because they want your business, its as simple as that. If I want to re-decorate a room in my house, weed my garden, fix a loose slate on my roof etc.. I have the option of employing somebody to do it, or doing a bit of DIY myself. So why not with a divorce?

Gone are the days when solicitors shrouded this, and many other subjects, in a cloak of mystery – the internet has ruined this for them. Anybody can now look up and research topics of a legal, or any other kind for that matter, and take the initiative themselves. Before the explosion of the internet we were really forced to use these ‘professionals’.

Divorce is a relatively simple process if you are thinking of doing it yourself providing the following rule applies. You and your partner MUST consent and be in agreement on ALL matters – If you envisage disputes regarding children, property or financial matters then a DIY divorce is not for you, and I would recommend professional legal help.

The only exception to this rule is where you and your partner have been separated for 5 years or more in which case consent is not required.

The DIY divorce process will certainly be quicker and far less expensive than using a solicitor. At the time of writing a typical family lawyer would be charging 1000 for a divorce. 340 of this are standard court costs* that need to be paid regardless, so basically a solicitors fee would be 660. Compare this to the online, DIY divorce option where typical sites are charging between 25 – 100, and you can soon see the saving is significant.

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There are basically only 3 steps to divorce;

1) Your divorce petition – this is simply a form you need to complete and submit to your local county court ( 300 court fee* )

2) The application for your ‘decree nisi’ – the completion of the first stage of divorce

3) The application for your ‘decree absolute’ – you apply for this 6 weeks and 1 day after the issue of your decree nisi. ( 40.00 court fee* )

Thats it you are now divorced.

As long as you both agree and consent the process is straightforward, simple and cheap. It is also fully legal and you do not need a solicitor at any stage nor will either of you have to attend court.

One point to note is that financial matters should be resolved at the point of divorce also by using a ‘Clean Break Order’ – just another form. This formally agrees all financial settlements before the court. This is important as, contrary to popular belief, even when you are divorced your spouse may still have a claim to your finances until the day they die or marry again.

If you are in a position where you are considering divorce and both parties are in general agreement I would certainly consider the DIY option. There are plenty of useful sites that will give you the background information you need. The sites that sell DIY divorce packs will nearly always provide help and support via telephone and/or email normally at no extra cost.

*In some circumstances you may not even have to pay court fees, there is a fee exemption form available to see if you are eligible for this.

About the Author: Kevin Dockerty has sucessfully run a UK DIY Divorce site for a number of years and has 1000’s of satisfied customers. Take a look at Kevin’s

Do It Yourself divorce

site

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Feb 4

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Submitted by: Kimberley Ash

Comparing home loans before taking up one is one of the smartest things to do. For most Australians, buying a home is one of the major investments they undertake in their lifetime and getting a good deal can help you save a good amount of money in the long term.

What are some of the things to keep in mind when shopping for a home loan?

1. The Type Of Home Loans Available In The Market

As a home buyer who is looking to purchase a home with the help of a home loan, one of the key thing to know is the types of home loans that are available and which one suits your current and future financial needs. Some of the most popular home loans in the market include:

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Basic Home Loan no frills loans usually with low interest rates and limited features. It may offer redraw facilities but limit you in case you want to make extra repayments and withdraw the money in the future.

Standard Home Loan offers more flexibility than the basic loan but with higher interest rates.

2. Getting Different Home Loan Quotes from Lenders.

Comparing home loans from different lenders may feel like comparing oranges to apples. However, as you start off on a journey of owning your dream home, the first thing you need to do is get a good number of quotes from different lenders, both banks and non-bank lenders. This can be achieved through various means one of them being you talking to the lenders and getting direct quotes from them. If your time and schedule doesnt allow it, you can opt to get the services of a mortgage broker. A mortgage broker usually has access to various lenders and can easily get you the information you need to help you compare the available home loan products. Another great way to spend less time and get all the details you need is to use a home loan calculator tool.

3. Take A Closer Look At The Fees And Loan Terms

Even though interest rates play a key role on how much you pay every month, there are other fees to watch out for before signing up with a specific lender for a home loan package. Some of the common fees include:

Lenders Mortgage Insurance (LMI) – This can apply in the event you are unable to raise the 20% deposit. Though its referred to as an insurance, it doesnt ensure you as a borrower but rather protects the lender. Try your best to have a high deposit, for a small difference in the deposit can make a huge difference in your LMI.

Application Fees – Some lenders may charge an application fees, in such cases, try to negotiate for lower fees or if possible for the fees to be waived.

Break Costs – If you are opting for a fixed rate home loan, you may want to pay attention on how much it will cost you in the event of an exit.

About the Author: Kimberley A is an expert property adviser and professional from North Sydney, Australia. The author loves to share her experience on the topics like home loan rate comparison, types of home loans, big lenders, how to get loans approved, etc. so that latest property and home loan updates can be made available for the buyers before making any deal. For more information you can visit

thefinancesite.com.au/

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