Costs of breaking up harsh says A&L by Finance News Bulletin

Published: 19/01/07

The end of a long-term relationship can strike your wallet as hard as it hits your heart says investigate by Alliance & LeicesterThe survey found that the standard cost of re-establishing a life exterior of a relationship averages £13,500 per associate once replacing jointly owned items was consideredOnly one per cent of persons who have made a joint purchase in the past have careful signing a contract detailing how it would be divided in the case of a splitThree per cent supposed that they had verbal agreements and an overwhelming 92 per cent believe that they would be able to organize any division fairly, or had never considered the issue

Nine out of ten adults in relationships in the UK speak that they make combined purchases with their partner"It is understandable that most couples buy things together, whether it is a major purchase like a new car or slight purchases like CDs or DVDs, without thinking about what might happen if one day they tear," said Claire Alvet of Alliance & Leicester"There are serious moving issues that are quite rightly at the top of the programme, especially if children are involved, but the cost of splitting up can last longer than the heartbreak itself," she addedAlliance & Leicester recommends a homeowner loan as the simplest method of covering the one off costs of a smash up

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