Breaking up / selling, renting, and the mortgage!

breakingup

Any advice, suggestions etc welcome!
My partner and I jointly own a house valued at £190k with a mortgage of £90k (covered by 3 endowments.. the first, mine, due to mature in 2 years, his plus a joint in 2018).
He has a relatively secure job, in his early 50s and has good pension sorted. He has already received a mortgage offer in principle.
I am a contractor in my late 40s, currently earning £28k and have had the contract for 9 months. It is open ended, but could also be finished at any time. I have always worked, although my income fluctuates!!
We have just split up and I want to buy him out (I have £50k) and take over the mortgage.
Is there any company which will give mortgages to contractors/agency workers?
If that isn't possible does anyone know of a buytolet mortgage which we could put in joint names but I could rent (covering the mortgage). Obviously we would not want to go through a property letting agent to do this as the rent would be the mortgage plus insurance.
Any other ideas how I could stay in the property without either of us losing out financially?
Many thanks

gizmo111

Basically you have £190k in assets = House if endowments cashed in would be mortgage free? Is this correct? What mortgage agreement has he in principle - on which property and for how much.
Will there be any claims on pensions - are there any children to consider financially?
Not sure what you are asking about the BTL mortgage in joint names as you cannot rent from yourself.

EDIT

Are you saying that you have £50k in savings in addition to the above?

breakingup

Yes, in theory, when the endowments mature there would be £190k in assets...if they're cashed in I suspect we'll only get about £40k instead of £90k. Am checking out the sale/surrender values this week.
No pension claims, no maintenance, no children.
Yes, I have £50k in savings in my name..so I can afford to buy his share (less the mortgage).
I wasn't sure about the BTL - letting to myself did sound odd but I was trying to find a mortgage where they would take something else into account instead of permanent employment payslips.
His mortgage offer - was just him finding out how much he could borrow - he can get a mortgage of £200k (plus he'll have the 50k from me) so he's fine.

getmore4less

OK you have a joint house, a joint mortgage and a joint endowment + two other endowmwnts.

I think you need to be clear what will be included in the "sharing" this will depend how the purchase, mortgage and endowments have been funded.

If you both stuck equal deposits, paid 1/2 the mortgage interest and 1/2 the shared endowment then you can ignore the individual ones if they were funded seperately.

Endowments are just saving schemes so can be considered seperately from the house and the mortgage.

Asuming you are both happy with a 50:50 hopefully reflecting the inputs/payments on the house and mortgage

You need a £90k mortgage which on £28k is about OK,

You then have the share of endowments to suppliment this either immediately or over time how much are each worth/targeted?

Depending on how amicable this is you could delay some of the £50k to the OH based on the OH getting the money from the endowmwnts later, this would depend on him not needing cash quickly.

BTL and renting to yourself is not on it is usualy excluded from BTL loans.
He could BTL and rent to you,
A joint loan is what you have now so nothing changes you just rent 1/2 the house and he funds 1/2 the debt.

In most cases removing joint finances is usualy the best option with spilts, so no joint anything, A bit of short term IOU is not so bad as long as you both can see an end, your endowmwnt that matures in 2 years may do the job to bring the imediate mortgage requirements down and still not be too far away to stop him moving on.

breakingup

Thanks for that - it's clarified a few things, especially re. the endowments. (Joint 43, mine 22, his 35 - comes to more than 90 but we were allowing for shortfalls)
Yes, 50:50 is spot on and we're both fine with that.
Giving him the 50k now is fine (or delay it for 6 months) that part's fine. I take your point about removing all the joint finances - fine now, could be trouble later! I may think again about him getting a BTL mortgage.....

It's now just me being able to get a mortgage as a contractor which I think may be the most difficult part? Anyone had any joy doing this recently?