Divorce costs in London rise to twice the UK average
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 ...