Use of on divorce expert (PODE) - England
Does anyone have any experience of using/deal with a pension on divorce expert (PODE)?
My ex and I separated 3 years ago after an 11 yr marriage. For various reasons we haven’t sorted the divorce until now.
He is now 47, I am 43. He stayed in the family home (mortgaged) and I moved into rented accommodation. 2 children (13 and 10), 50/50 split. He wants to buy me out of the house (my name remains on the mortgage.). He pays the mortgage, I pay my rent.
He earns £67k, I earn £44k. The house has around £130k equity in it. His CETV is £200k (teachers pension) and mine is £140k (NHS pension).
My solicitor has advised having a PODE look at the pension value. My understanding is that this could cost £2-10k between us. I’ve never known anyone who has divorced to go down this route and would like better understand whether it is worth it. My concern is that it could cost so much that is ends up wiping out any potential benefits.
We have tried mediation but it has failed (his only offer is 50/50 split on the house and don’t touch each others pensions. I feel this is unfair to me since my borrowing capacity is lower, worked fewer hours looking after the children whilst I supported his career progression)
I would appreciate any advice or guidance. Many thanks.