Remortgage as a single person

MrsSave

Hi, myself and my husband separated at the end of last year and I am currently living in the family home with our children. We have both agreed that I buy him out. The first step (I believe) would be to remortgage. We currently have 2 parts to our mortgage due to remortgaging in the past to fund a new car. Does that make any difference to remortgaging now? Also is remortgaging as simple as me doing it in my own name with zero mention of my ex husband (I have checked calculators and my income should be plenty to remortgage and add some to buy him out)? Or is there more to it? I understand that there is then the transfer of deeds through a solicitor.

Is this the correct way of going about things? I do plan on going through an independent mortgage advisor to do this but would like to have as much knowledge as I can before starting the process.

Thank you!

dimbo61

Are you getting divorced ?
What arrangements have you made for the kids ( Child maintenance )
How are you going to split the equity in the family home.
Do you both have pensions and savings , Investments, Cars, Premium bonds, LISA/ISA,s etc.
Sometimes the split of the house is not just 50/50.
If your ex has a much bigger pension pot you may need to take this into account.
Using a broker is a good idea

MrsSave

We will be getting divorced but waiting the 2 years first as there is no blame and I wouldn’t want either of us named as the cause of the divorce. We’ve sorted child maintenance between ourselves. The split is amicable and we are hoping to do as much as we can between ourselves. We both have pensions, a small amount of savings, etc. but aren’t splitting any of it as over the years things have been very equal. There have been times when I’ve been the bigger earner, times when he has. We’re going to split the equity 50:50 which will hopefully give him a decent deposit for a house in this area. I think we both want it to be as pain and hassle free as possible and for us both to be able to have a home for our children.