Divorce and mortgage

loveasale

Hello all ,
I'm about to get divorced, I'm still in marrital home, it's worth 250 with a 100 outstanding,
I'm happy to move to a smaller home as my 2 boys will be fleeing the nest soon .
I've been in the same employment for 18 years and earn 12,000 a year,,,,,,,BUT as my employer didn't want to pay that 'I'm in pension ' we have all gone self employed last October, the only change is that I pay my own tax and NI.
I am 50 and in very good health!
My ex will settle for a lump sum , and I have been scrimping , ebaying and putting money away to pay him off ,,,,!
So that's the background past ,,,,,,,
What about my future ? Will I get a mortgage on my small income and no accounts to show ?
I do really hope some of you can help me on this next stage of my life?

elverson

As a first step, have you tried using a 'how much can I borrow' calculator, such as Natwest:

https://personal.natwest.com/personal/mortgages/secure/how-much-can-i-borrow.html

Are you planning to sell and split 50-50? For example if you have £75k equity after the sale and go for a 15-year mortgage, Natwest would lend you £40,500.

Do you already have some accounts for your self employment?