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Sadly,
couples do sometimes fall apart.
When a separation occurs, we might all need every bit of comfort
and help we can get.
Experiencing new-found freedom after a long-term relationship might
even feel a daunting experience.
The Mortgage Helpline cannot of course provide advice to you on
issues surrounding a separation or divorce, but we can provide
in-depth information on available mortgage products to help get
you back on your feet again.
You might be in the early stages of discussions either with your
solicitor or former partner, and possibly you`ll be worrying how
you can cope - particularly whether you can obtain a new mortgage
in your own name.
The process of settling home and mortgage matters with a former
partner is sometimes referred to as an `Equity Buyout`. This
often means that a financial settlement figure is agreed between
both parties, and perhaps one partner will wish to retain the existing
home.
Most mortgage lenders will only take one main income into consideration
when assessing the amount they will lend. Often, following a separation,
there may be several forms of income coming into the household
- possibly a maintainance payment, working tax credits, maybe part-time
employment income as well.
Providing you can confirm that you can afford your mortgage repayments,
we can often find lenders who can take most forms of income into
account - not just one income alone.
Mortgages for divorce.
The Mortgage Helpline can guide you through the maze, by providing
information about new mortgages that could help you to make a fresh
start.
We can assist you in finding your choice of new mortgage, to help
provide for any required `buy-out` from your former partner.
We have access to a large range of lowest-rate mortgages to cater
for your needs, and of course we can make all arrangements for you.
Do
please call us on 01253 404154
for latest information.
Please remember that your home is at risk if you do not keep up
repayments on a mortgage or other loan secured on it.
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