According to a recent survey, the average settlement costs of divorce for Londoners is almost double that of the rest of the UK, increasing from approximately £70,000 to £134,500.
The research, which surveyed 2,500 UK adults, shows that these elevated costs are in most part due to expensive living costs rather than higher-value assets. Despite higher house prices and pensions in the capital, London couples are paying more for divorce due to the increased cost of rent and mortgage payments, day-to-day living costs, interest on debts, and higher legal fees.
The survey also reported that nearly three-quarters (73%) of London couples experience delays in finalising divorce and financial settlements – in many cases up to a year. These delays have been attributed to the overloaded family courts and a lack of legal aid, along with increasing numbers of individuals representing themselves as Litigants in Person (LiP), which can have a significant effect on the duration of proceedings. Of those surveyed, 73% raised concerns about the effect of delays on their personal finances.
Despite the high rate of LiPs in the capital, however, 43% of respondents reported they were happy for others to make decisions for them during the divorce settlement process, suggesting an increased demand for fixed-fee arbitration process in London compared to the rest of the UK.
Whether you live in London or elsewhere, the key to a manageable divorce process is a trustworthy and competent solicitor who can guide you through negotiations and settlements with the minimum of stress and cost. A good solicitor can help you to make sensible decisions when it comes to your approach to separation – whether you choose mediation, arbitration, collaborative family law, or take your case to court – and will be on hand to explain and navigate any unexpected issues that arise.
To speak to an experienced, down-to-earth family lawyer, contact us on 01628 634667 or email firstname.lastname@example.org. Frances Lindsay & Co is based in the Thames Valley with offices in Maidenhead and Beaconsfield, and meeting rooms in London for the convenience of those living and working in the capital. Let us help take the weight off your shoulders and reduce the bias against divorcing Londoners!Tags: divorce in london, divorce solicitor London, divorce solicitor Thames Valley, litigants in person, London divorce