Can't find Mortgage options for separating couples

Confused_Time

Hi formum peeps,

I have a house with no mortgage, and have separated from my wife.

I am looking at mortgage options for a property for me to live in, and don't see I would be classed as a first time buyer.

I don't know what products i should be looking at or what the implications are.

I do not want to sell the existing house as my wife and adult children live there and they need a home (it's amicable right now!).

Appreciate any advice, or information from anyone with experience of this..

MyRealNameToo

You're effectively considered as remortgaging but anyway, speak to a decent mortgage broker and they'll give you the options and deal with this kind of stuff for you.

born_again

Certainly not a 1st time buyer if you have ever had a mortgage.

gwynlas

What can you afford on your own salary? You might be stymied by your age and lack of substantial deposit

Whilst it is admirable that you do not want to put your wife and adult children out of their home it would be preferable to divorce and seek a financial order detailing home value, sharing of savings pensions etc,

Your children should be making their own way in life at some point and a large family home with associated upkeep and bills might be more than your wife will be able to manage.

ACG

It would just be a remortgage.

Pretty much everything should be available to you - bar first time buyer mortgages - assuming age, income etc stacks up.