Advice about seperation and mortgage

Posted on 20 October 2008

Hi, i am thinking of buying my ex partner out of our home we have had togher for 5 years we have been separated for 4 years but been very amicable about the mortgage and always split the payments 50\50 there is no animosity she just wants to move out with her new partner i need to know what i need to do next? any advise would be good

 

Scott

Your first step is to see if you can take the mortgage on your own and if so how much you can borrow.  This means how much is affordable based on your income and commitments.

A good broker will be able to help you with this, alternatively you can use an affordability calculator located on our Web site.

If you do need further mortgage help please do give us a call we would love to help. 0845 4131053.

 

Answers provided in response to Ray of Light 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 neither John Charcol Limited nor Ray will accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

Question