Purchase after divorce
Posted on 16 September 2008
i have separated 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 mortgage on these earnings for that much.
thank you
In all honesty this will be difficult however, given the amount of equity that will be left in the property, I won’t say impossible. You will need to have no other credit commitments and a super clean credit score.
The best thing you could do would be a call one of our brokers on 0845 4131053 as we have direct access to underwriters and we will be able to discuss your case in detail.
I wish you all the very best!
Category: Separation or Divorce
Answers provided in response to Ask Bea 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 Charcol Limited. All comments are made in good faith, and neither Charcol Limited nor Bea will accept liability for them.
We recommend you seek professional advice with regard to any of these topics where appropriate.
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