Specific advice is sometimes the only answer

Posted on 11 September 2008

my husband & i are seperating however our home is part of a farming business that we have run together so we are unable to sell to split proceeds. (also the business is likely to be sold/developed in the next 5 years or so)rather than throw away our money on rental i wuld rather get a mortgage for the property i moved to with our children but although we have buy to let motgages we have never had a residential mortgage and just don't know where to start or what type would be most appropriate for us. we would be looking to borrow 500k or more with a 20% deposit. have you any suggestions.....

Where to start indeed!  Without knowing your full circumstances it is impossible to advise the best route forward in terms of getting the right mortgage, however I can say that the best place to start is with finding a mortgage consultant would works on an “Advice and Recommendation” basis.

May I suggestion you give our team of brokers a call who will be able to collect your information such as income, savings and credit commitments and from there they will be able to recommend the best lender and mortgage product for you.

Good Luck!

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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