Mortgages in Divorce Cheltenham and Tewkesbury
TYPICAL PROBLEMS AND CONCERNS ARISING ON DIVORCE
Getting divorced is one of the most traumatic situations you can ever face, made worse in many cases by the financial meltdown that follows.
It is critically important to try and keep your finances on an even keel, and be careful not to let any payments lapse on mortgages or other forms of finance because it will make a resolution 10 times harder to achieve, and you will be held responsible for any late payments or defaults on finance held in joint names even if you were not the one who normally paid it.
Will one partner be able to afford to buy out the other?
Will you be able to afford a mortgage on one income?
How much will you be able to spend on a new house?
AND HOW CAN STRICTLY MORTGAGES HELP?
We can guide you through the mortgage arrangements needed to separate your financial affairs and facilitate a smooth transition, and we can guide you through the process of securing your (new) home following the divorce.
One thing you will need for the Court and for negotiating a financial settlement is a MORTGAGE AFFORDABILITY REPORT. This is a service we can provide on request for a fixed fee of £197.00
We have written a detailed Mortgage Guide for Divorcees, and would suggest that you start by requesting a free copy of this invaluable guide and let us know at the same time if you will need us to carry out a Mortgage Affordability Assessment on your b