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Half share tied up in divorce

Comments

Thrugelmir Posts: 89,546 Forumite

20 February 2021 at 10:36PM

Dramalamma said:

I am entitled to half which is over £100,000 and will make buying the property affordable. But how can I get a mortgage if I don't have the money yet. I only get the money on completion.

Then you'll need to sell the property to release the equity. Your next purchase will need to be timed to complete at the same time.

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Dramalamma Posts: 4 Newbie

21 February 2021 at 10:17AM

But I don't want to buy another property I want to buy this one.

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xylophone Posts: 46,077 Forumite

21 February 2021 at 10:36AM

Why not consult a mortgage broker to see what would be possible?
Some general information below.

https://www.expertmortgageadvisor.co.uk/first-time-buyers/concessionary-purchase/

https://www.samconveyancing.co.uk/news/conveyancing/concessionary-purchase-4930

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