UK Survey Suggests Marital Residence is Sold to Strangers in Substantial Minority of Divorces

A fairly small survey of at least middle-aged divorcees in the UK indicates that one third of marital residences get sold to third parties. Half the couples were long-term marrieds who had become empty-nesters and ended up downsizing.

Interestingly, some divorcing couples opted to share certain property after their divorces, including family pets.

Not surprisingly, women were more likely than men to report that they were less well off financially after their divorces. Whatever the financial impact of their divorces though, more than half of the surveyed divorcees reported being happier following their divorce.

The survey was conducted by a financial institution and is based on subjective self-reporting, except perhaps for the mortgage payoff and home sales data. It is worth noting that some of the couples surveyed were still in the midst of their divorce and it was not indicated for how long the other couples may have been divorced.

Read more in this UK Telegraph article: Family home sold in a third of ‘silver’ divorces.