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Last Modified: 20 Jul 2007
Source: ITN

Heather Mills McCartney is set to receive a £70 million divorce settlement from her former husband Sir Paul McCartney, it's been reported.

If the deal was struck, it would be the largest divorce payout in British history and could see the 38-year-old pick up a lump sum of £15 million.

An annual payment of £3.5 million could also be paid the model turned campaigner until the couple's daughter Beatrice turns 18.

But Heather would reportedly not be awarded any of her former husband's property.

She lives on the seafront in an exclusive part of Hove, East Sussex. Sir Paul has a country estate in nearby Peasmarsh and property in London.

It is anticipated that the deal will include a clause preventing Paul and Heather from speaking publicly about their four year marriage.

Sources for the estranged couple allegedly confirmed that the financial details of a settlement have been agreed already but the case is still not due in court until next February.

© Independent Television News Limited 2007. All rights reserved.

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