There is always a lot to consider when going through a divorce, and deciding what’s best to do with your home can be tricky. If you’re worried about how your divorce might impact your home and mortgage, don’t fear! There are options available to help with getting a mortgage after divorce and here’s what you can do:
If the mortgage on your home is in your partner’s name only, you may be able to make a claim for a share of its value, if you can prove that you have paid towards the mortgage and/or improvements to the property – make sure you get professional advice from a solicitor if you need to go down this route!
If you and your partner have a joint mortgage, there are several things you can do with your home when you separate:
When applying for a single mortgage, you will need to demonstrate to mortgage lenders that you can afford the mortgage by yourself, and keep up your monthly repayments, which we can help you with!
If you have children, be sure to check whether you’re eligible for any additional benefits, as these payments can be used to support your mortgage application.
If you can’t afford to take over your existing mortgage by yourself, there are options available to help you get back on the property ladder:
As professional mortgage advisors we aim to make the process of getting a mortgage after divorce as easy as possible. Our mortgage separation advice will help you discover what your options are and find the right divorcee mortgage deal for your needs.
If you decide that a single mortgage is the right decision for you, we will also handle your entire application, removing the stress and hassle form you.