Mortgage with post divorce court award for maintenance

scamps69

I have an offspring with children who is going through a divorce using a solicitor. There is a likelihood that maintenance will be awarded and that there is a real good possibility that the post divorce family can support the mortgage payments and remain in the current house. It currently is a joint mortgage prior to the divorce.
I am looking for a mortgage specialist who really knows the mortgage market and the foibles of all the key lenders and the policies and procedures that they have for divorcees.
How lenders treat divorcees with children, salary and a maintenance settlement is very unclear.  I am sure the mortgage repayments in this case can be met without problems, yet only one building society claims to take into account 100% of the court settlement for maintenance in their calculation of lendability.
The existing lender simply is not interested and its clear taking over the mortgage from the ex simply will not happen.  
Give this is such a big market (high rate of divorce) there must be solutions.
Any pointers would be most welcome
Scamps

K_S

@scamps69 There are multiple lenders who will consider taking into account 100% of court ordered child maintenance and 100% of court ordered spousal maintenance for affordability. Some of them require x months of bank statements showing receipt but a few will consider going off of the court order. As you correctly say, it's not an uncommon scenario at all.

Where it gets tricky if this is the sole source of income, with no earned income in the background. Or when the court order is time-limited in the near/medium term.

scamps69

How do I list out those lenders and perform a comparison of their offerings and then find out how best to find the information they are going to need?  

MWT

scamps69 said:

How do I list out those lenders and perform a comparison of their offerings and then find out how best to find the information they are going to need?  

I'd suggest you encourage your offspring to get in touch with a broker like K_S who will have all the information they will need to help them navigate to the best lender for their situation.

Thrugelmir

In such instances the mortgage remains in joint names. Until the children have left full time education. Primary concern of the Court is the welfare of the children. By default the court assumes guardianship of the children and puts their interest ahead of those of the warring parents. 

Will the ex have any financial interest in the property? As this will determine the course of action that will have to be taken now and/or potentially at a later date. This will form part of the Financial Consent order that will be drafted as part of the divorce.