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Can I get a mortgage
hayjaykay
Posts: 13 Forumite
I currently own the marital home with my ex-wife mortgage free. Once the divorce is settled I will have a charge over the property of about 40% which I can hopefully get in 5 years when my daughter is 18. My question is can I use this charge to help me obtain a mortgage as at the moment I am struggling to pay rent and save for a large deposit.
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Comments
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Not you can't.
You can only make use of the equity by mortgaging the property.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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