If the answer to any of these above is "YES" then we can help you.
We provide you with a professional witness statement of your mortgage capacity which you can use when you are negotiating the financial settlement of your divorce. Your report is completely unbiased and is written by mortgage expert and Director at Simpson Financial Services Limited, Natasha Phillips.
Mortgages and divorce are both complicated on their own and trying to tie the two together to work out how much money you might need from your divorce settlement can be exhausting. It is not uncommon to spend up to three hours with you bank only to be told they can’t lend or won’t lend until after your divorce.
Another appointment with another bank (another 3 hours!) might eventually lead to you thinking you know your mortgage capacity. But how generous or stingy is that indication of your mortgage borrowing? After all, it is this figure which the Court’s Judge may use when deciding how much of the marital money you are going to be entitled to.
Our Mortgage Capacity Assessment takes away the time, hassle and potential for inaccurate mortgage borrowing figures and we have many years’ experience in dealing with all the UK’s banks and building societies and their constantly changing lending criteria. Using our formula we are able to confidently state your level of mortgage borrowing capacity. We also ensure that level of borrowing is affordable to you in your likely new circumstances.
A Statement of Mortgage Capacity can often be a crucial document to enable you (or a Judge) to order the correct financial split of the family financial assets.
Please note that in order to produce an accurate report we need a full breakdown of your income, expenditure, assets and liabilities. Most of this information we can take from your Form E although, this doesn’t always give us the detail that is required in order to calculate and produce your Mortgage Capacity Assessment. Ask us about your divorce and mortgages today.