A well respected, award winning social enterprise
Volunteer run - Government and charity funded
We help 50,000 people a year through divorce

01202 805020

Lines open: Monday to Friday 9am-5pm
Call for FREE expert advice & service info


What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.


Help: Borrowing capacity while on temporary Universal Credit

  • hadenoughnow
  • hadenoughnow's Avatar
  • Moderator
  • Moderator
More
06 Jul 20 #513154 by hadenoughnow
Reply from hadenoughnow
Do you have a pension in addition to your state pension? Would there be a lump sum that could pay off some or all of any mortgage at that point?

If there is, this needs to be considered.

You need to take affordability into account. This is usually based on repayments being no more than one third of your take home pay. Google mortgage affordability calculators.

Hadenoughnow

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11