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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.


Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.


Help!!

  • Saffs
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03 Sep 12 #353643 by Saffs
Topic started by Saffs
Currently trying to remortgage and have been told that current lender no longer does interest only mortgages and only do repayment. Was not informed of this when in discussion with them previously.
Currently in divorce process...Decree Nisi done and waiting to do ancillary. Both names on mortgage tho for the last 18 months I have been solely responsible for the mortgage (not through choice)...I receive £200 a month CSA for three children. I work part time and salary would just cover mortgage but nothing else. Ex is self employed and has apparently not done this years accounts (or last years) but effectively halved his income after he left.
Spoke to independent mortgage consultant who said no lender would consider me due to circumstances and salary.
Spoke to ex who said there is nothing he can do to help as he has no funds.
So frustrated that again I am left with no options. Any one been in same situation...any advice?
(value of house approx 210K with 140K mortgage)

  • jonathancj
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03 Sep 12 #353645 by jonathancj
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Is the issue that you need to switch back to an interest only mortgage and can''t? What is it that''s stopping you from sticking with the current mortgage?

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03 Sep 12 #353652 by Saffs
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I had a fixed 2 year repayment rate that I switched to interest only in January but that is now coming to an end. I need an interest only mortgage until I know what is happening with house, equity etc.
Feel completely out of my depth :(

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