Call us on 0344 346 3672
or arrange a callback

My Ex & I have 125% mortgage? Would I be a mortgage on another property in my sole name?

Posted on 5 June 2013 by Siobhan


I have just spilt up from my patner we have 125% mortgage? We both seem to be finically stuck. Would I be able to get my own second mortgage?

Siobahn,

The main difficulty usually is that most people don't have either the deposit, nor the income to be able to support the overall borrowing. However, if you have a deposit for the new property (min 5%) and can meet the lenders affordability and credit criteria, then the answer is that 'yes ' you could get another mortgage, just in your sole name.

If you have the exact figures and would like to talk further, then let me know and I'll organise a time for you to speak to one of our consultants.

Regards,

Simon

simon.collins@johncharcol.co.uk

More than mortgages, talk to me about:
Financial Protection | Investments | Personal and Corporate Pensions | Home Insurance
General Insurance | Valuations | Conveyancing | Wills | Home finders

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 necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

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


Legal

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

John Charcol is a trading name of John Charcol Limited and its Appointed Representatives. John Charcol Limited is authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 665649. Registered in England No. 9157892. Registered office address for John Charcol Limited is 5th Floor, Cutlers Exchange, 123 Houndsditch, London, EC3A 7BU. The FCA does not regulate some investment mortgage contracts. Calls may be recorded for training and monitoring.