Documentary evidence of my maximum mortgage capacity

JackRS

I’m currently going through a divorce one of the many things I’ve been asked to provide is documentary evidence of my maximum mortgage capacity. Obviously I can use online calculator etc but just wondered if someone could recommend something?

I need to ensure it considers my outgoings (including maintenance payments to the ex) and existing debt built up on 0% cards due to the building costs of running 2 households and solicitors monthly bills. I need a realistic assessment of what I can actually afford not just the traditional 3 x salary and also take into account I may not have a deposit if the ex gets the current house. Currently I have no mortgage, finished paying that off a few years back so own the house that the ex is in. It will all depend on Financial settlement, I’ll spare you the details on this thread…

I found the HSBC had a calculator that you could enter outgoings and debt etc just wondered if anyone had any other advise?

GMS

Try different lender websites and use the affordability calculator.

This will give an idea but is not 100% accurate. Often the maximum amounts can differ depending on level of credit score pass.

Term will alter amounts so age will be a consideration.

Cheaper rates can often be less generous in terms of maximum borrowing so factor this in.

A broker may be able to help you here though there may well be a fee to pay as there is no application to follow the research

amnblog

We have done this for divorces cases a number of times.

I don't think your own research online will cut it for your ex's lawyer.