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Sole mortgage

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Hi guys, be grateful for your advice on this...
I currently have a mortgage on my home in my own name which I took out in 2012. I am hoping to remortgage to bring the monthly payments down. Although my partner and I have lived together for several years we are not in a position to get a joint mortgage due to (extremely :mad:) long-winded divorce proceedings between him and his ex; I'm unwilling to get a joint mortgage while he remains financially linked to her.
I'm aware that his contribution towards the mortgage and household bills will not be considered by a lender since the mortgage is in my name only...however can I take this into account when providing my expenditure amounts? E.g. childcare is £300pm but he pays half, so can I say MY childcare expenses are only £150pm?
Sure the answer is 'no' but it seems unrealistic for a calculation to be made which oversestimates my personal outgoings?
Is there any other way to get round this?
Thanks!

Comments

  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    edited 26 October 2016 at 9:20AM
    You can also consider customer retention products, usually done online which means you don't need to be credit checked and Under the same scrutiny as if you were applying for a new mortgage. It's a simple switch process.


    However the rates may not be market leading, but may buy you some time perhaps.


    Expenditure is normally based on ONS statistics now a days, with child care costs not sure if lenders will take into account your partner's contribution.
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • ACG
    ACG Posts: 24,551 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Its a good question as normally I would say no - when looking at gas/water/tv etc but for something like childcare it is potentially a little different.

    If you use a broker ask them, I would not rule it out however. If you go direct you should ask before doing any credit checks. Although if your income is say £20k and your morgage is £50k, then it should not matter in any case.

    As csgohan says, you could also see what retention products are available in order to allow you to bring the rates down without switching lenders.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, 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.
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