One of the largest components of any divorce is the issue of the family home. With over 1/3 of all households having a mortgage, and many divorcees also having the odd rental property or two – the case of mortgages is always high on
As a Mortgage Capacity Advisor my main role is to ascertain the amount of mortgage lending a divorcing individual or couple can borrow to help them negotiate a fair settlement. Although each individual or couples’ circumstances differ, and each assessment is unique,
Your mortgage might be the biggest financial asset you share with your partner, and when you decide to part ways, it could be your biggest stumbling block. There’s no doubt about it: divorce makes mortgages complicated. As a joint mortgage holder, you
According to the Office for National Statistics, divorce rates in England and Wales were higher in 2013 when compared with 2003 for men and women aged 50 and over, commonly referred to as “silver splitters”. Last month my colleague wrote about the
In this interview with financial advisor Sheila Bailey of Willow Private Finance – in my role as the Suzy Miller of Alternative Divorce Guide asked Sheila how to get approved for a mortgage post divorce. “Are the new mortgage rules going to make life even harder for separating families,
Mortgage Capacity Assessment – Helping to Negotiate the right divorce Settlement. Recently a friend of mine who is currently going through a divorce came to me with a problem. She had done everything right so far; she had sought advice from a
(Sponsored post by Fair Result.) Many people focus on the divorce process itself, but in reality, the financial settlement is often the most complex and costly part. It’s important to remember that financial discussions are separate from the divorce application, and many
Grieving for the loss To some people it might seem ridiculous or petty to feel upset about the loss of your family home, but research shows moving home is one of the most stressful life experiences you can go through and it’s
Over the past 30 years, divorces among individuals aged 60 and over have surged by an astounding 85%. In the past decade alone, divorce rates for men over 65 have risen by 23%, while rates for women over 65 have climbed by
Sponsored post by Fair Result. Divorce is a complex and emotionally challenging experience, and it’s often accompanied by a range of financial implications. As you navigate the divorce process, understanding what will happen to your finances can make a significant difference
If you are filing a divorce application, you will also need to think about the financial aspect of your separation and how your assets will be divided between you. Although the two are (legally) separate processes, they go hand in hand and
Sponsored post by Fair Result. Divorce is an emotional and life-changing process. If you’re considering ending your marriage, knowing how to prepare before you file can make a significant difference in the outcome. With the right preparation, you can avoid common pitfalls