Ask the experts
About our experts...
At John Charcol, we are constantly asked for advice by borrowers on what they should do when it comes to mortgages. As such, we created this section so that you can submit your questions to our experts. The answers are provided by a number of people who have years of experience in the mortgage market. The team is led by Peter Woodward who works in our technical department. Peter spent his formative years as an underwriter with one of the major UK lenders so what he doesn't know, quite frankly, isn't worth knowing...
So please do submit your question and we will do all we can to answer it as quickly as possible
Please be aware that these answers can only be generic and no personal recommendations can be made.
Posted on 11 September 2009
My ex wife and myself seperated 18 months ago and divorced a year ago. No children both working full time marriage only lasted 2 years. She is living in the jointly owned marital home I have still paid half the £1250 per month...
Category: Legal matters, Separation or Divorce
Posted on 27 May 2009
Hi
I own a house with my ex partner although I no longer live in it. I have been paying my half of the mortgage directly to her as the payment for the mortgage comes out of her bank account. I have just foudn out that for six...
Category: Bad credit, Separation or Divorce
Posted on 11 February 2009
MY PARTNER HAS BEEN DIVORCED JUST OVER A YR BUT STILL HAS A JOINT MORTGAGE AND DEEDS TO A HOUSE HIS EX STILL LIVES IN. WE ARE SET TO MARRY SOON WILL THIS POTENTIALLY AFFECT ME OR WOULD I BE ENTITLED TO ANY OF THE HOUSE. IF WE HAD...
Category: Legal matters, Separation or Divorce, Special circumstances
Posted on 7 February 2009
Hi, I am a single mum and live in the house that I shared with my ex husband. The mortgage and house deeds are solely in his name, however I have paid the mortgage myself for the past two years. Everything is amicable between...
Category: Separation or Divorce
Posted on 4 February 2009
i have a joint morgage with someone, they left the property in sep 2008 and i have paid the morgage since, the morgage company wont let me have the morgage in my name only because on paper i dont earn enough even though i have...
Category: Separation or Divorce, Special circumstances
Posted on 18 September 2008
My partner and I are splitting up after a year and a half in a house that we bought. We pay half the mortgage each, and he paid the deposit. What happens to our mortgage? I think we might sell, although he might loose his deposit...
Category: Separation or Divorce
Posted on 16 September 2008
i have seperated from my hubby and we were going to put the house up for sale. it is valued at 102000. if i bought him out i would need a mortgage for 65000. my annual gross earnings before tax is 11000. would i be able to get a...
Category: Separation or Divorce
Posted on 11 September 2008
my husband & i are seperating however our home is part of a farming business that we have run together so we are unable to sell to split proceeds. (also the business is likely to be sold/developed in the next 5 years or so)rather...
Category: Separation or Divorce
Posted on 6 September 2008
my wife has left the home she wants half of the value of it, there is 3years left on my morgage to pay £34489.52,.i also have an endownment policy which is due to to make up the shortfall in 3years time ...
Category: Separation or Divorce
Posted on 12 August 2008
I am getting separated in Northern Ireland. We have a marital home plus 3 other properties. We have 2 kids (10 and 6) and were married 16 years. I agreed that she can stay in the marital home and get 60% of the value of the...
Category: Separation or Divorce
Posted on 9 August 2008
My husband and I are in the process of separating. We have tried selling the family home but it has fallen through twice and is unlikely to sell. I am paying all the mortgage, which I find difficult on my low salary. My husband...
Category: Separation or Divorce
Posted on 24 April 2008
I am 41 and getting divorced. The family home is worth £285,000 but is difficult to sell. I have an interest only small mortgage of £1,100 per month as my mum lent us £115,000. I have a new well paid job of £75,000 +pa and need...
Category: Separation or Divorce
Posted on 17 February 2008
I have an existing joint mortgage with my wife, however she pays the mortgage each month. We have separated and I am looking to buy another property. Will I be able to get another mortgage even though I am still named on the...
Category: Separation or Divorce
Posted on 16 January 2008
Hi Katie, my partner and I have separated happily.
The only trouble is that I own the house that we both live in with our two kids. I would love for them to stay in the house, but I would like some of the equity out of the...
Category: Separation or Divorce
Posted on 10 December 2007
I bought my house in 1987 for £20,500. When my wife moved in ten years later the value went up to £55,000, is this £35,000 mine or is it to be split between us with the other equity occurred over the next 10/11 years? She has...
Category: Separation or Divorce
Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not neccessarily represent the views, positions, strategies or opinions of John Charcol Limited. All comments are made in good faith, and John Charcol Limited will not accept liability for them.
We recommend you seek professional advice with regard to any of these topics where appropriate.
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