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New house before divorce?
finallyfree_2
Posts: 29 Forumite
Hi all,
I am separated from my ex , and shortly starting divorce proceedings.
The marital home is jointly mortgaged, I moved out with the children to a rented property.
Ex will not let me contribute towards the mortgage as he sees it as 'his' property.
Can I apply for a mortgage on a new property before the divorce is finalised and the jointly owned home is sold ??
Thanks
I am separated from my ex , and shortly starting divorce proceedings.
The marital home is jointly mortgaged, I moved out with the children to a rented property.
Ex will not let me contribute towards the mortgage as he sees it as 'his' property.
Can I apply for a mortgage on a new property before the divorce is finalised and the jointly owned home is sold ??
Thanks
0
Comments
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@finallyfree_2 Your name being on the current mortgage could significantly your affordability.
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.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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Nothing is safe before divorce the other party could also claim on the house you buy and you will be back to square one.K_S said:@finallyfree_2 Your name being on the current mortgage could significantly your affordability.Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
Mortgage start date first week of July 2019,
Mortgage term 23yrs(end of June 2042🙇🏽♀️),Target is to pay it off in 10years(by 2030🥳).MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
£12K in 2021 #54 (in 2020 #148)
MFiT-T6#27
To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
Am a single mom of 4.Do not wait to buy a property, Buy a property and wait. 🤓0
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