There is no doubt about it, getting a divorce is an expensive business. The average cost, according to Aviva’s Family Finances report, is £14,500 – which includes legal fees, child custody costs and changing homes. The report highlights how the cost of divorce has spiralled a further 17% since 2014 when divorces in the UK cost, on average, £12,432.
It doesn’t stop there. There are also relocation costs. Those wanting to buy a new property have to spend an extra £144,600, or £35,000 in order to rent somewhere.
Most people going through a divorce don’t have money to burn – unless of course you are Ant McPartlin of Ant and Dec fame, who is reportedly offering his former wife Lisa Armstrong a £31 million divorce settlement; half of his £62 million fortune.
So why are divorces so expensive? Legal fees are the answer.
Get Britain's best politics newsletters
Register to get The Spectator's insight and opinion straight to your inbox. You can then read two free articles each week.
Already a subscriber? Log in
Comments
Join the debate for just $5 for 3 months
Be part of the conversation with other Spectator readers by getting your first three months for $5.
UNLOCK ACCESS Just $5 for 3 monthsAlready a subscriber? Log in