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What is a divorce mortgage?
It’s a sad fact that around 40% of marriages end in divorce. Working out how mortgage repayments will be kept up and how to refinance your arrangement is an important consideration. Most married couples co-own their property. If one partner wants to move house, their share of the property can be bought from the other partner who wants to stay in the home. Divorce mortgage specialists help you work out how much this percentage is worth and how to proceed with the least amount of hassle. A divorce mortgage also helps you to factor in other legal details and help avoid missed payments or financial problems.
Specialist divorce mortgages
Lenders are becoming much more aware of the financial pressures brought about by a divorce, especially on women. They will now take into consideration a number of issues when arranging a mortgage, including divorce settlements, maintenance payments, tax credits and non-traditional income.
Find a divorce mortgage with First Mortgage
Call us on 0845 603 1525 for a free consultation with one of our friendly and experienced team. We are happy to discuss your situation and help you choose the best option.
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