Divorce Mortgages
Going through a divorce can be extremely challenging, but that doesn’t mean that you can’t purchase a new property or buy out your former partner.
Support from The Financial Guys at this difficult time will mean that you have a trusted partner you can get straight forward, honest financial advice from – which can help you get the financial certainty and clarity that divorce sometimes clouds.
Our professional team will be with you every step of the way, to advise and support you through the process – and you’ll be enjoying your new home before you know it!
How Can We Help?
Expert Guidance
Our team of mortgage experts understand the complexities of divorce mortgages – making sure we help you get the most suitable product to meet your financial goals.
Extensive Panel of Lenders
We’re not tied to any particular lender, so we’re only interested in getting you the most suitable product for your circumstances – not sales targets!
Modern & Streamlined Process
We know you’re busy so our process makes securing a mortgage as quick and easy as possible, using the latest technology and evening/weekend appointments to suit you.
What Do People Say About Us?
The Financial Guys Process
Navigating mortgages during a divorce involves understanding your options, seeking professional advice, and making informed decisions to protect your financial future. With the right preparation and guidance, the process can be smooth and efficient. We put the essential steps in place, tailored to your specific needs.
Initial Chat
We’ll book you in for a completely free, no obligation chat with our mortgage team to allow us to quickly assess what options might be available to you and to answer any questions you have.
Decision In Principle
After the intial chat, we’ll ask for the information and documentation we require to get you a decision in principle – this will give us an indication of how much a mortgage provider is willing to lend you for your rental property.
Find A Property
This is the fun part where you go and find a property that fits your budget. With our expert knowledge of the local area, we can help make sure that you don’t pay too much for a property and that you one you pick will help you achieve your financial goals.
Full Application
Once you’ve chosen the property and had an offer accepted, we get the ball rolling with a full application – and you’ll have the keys in your hand before you know it! We’re there every step of the way, to keep you fully up to date with the process and answering any questions you have on the way.
We Hold Your Hand Every Step Of The Way
Navigating the home-buying process can be daunting, but with our comprehensive financial service, you’re never alone. We hold your hand every step of the way, providing expert guidance and support until you get your keys.
Start Today – Book A Free, No Obligation Chat
Our 15 minute initial chat allows us to assess the best way to help you and to answer any questions you have about buy to let mortgages.
About Us
At The Financial Guys, our mission is to help you achieve financial security and peace of mind. We understand that every client’s financial situation is different, and we pride ourselves on offering personalised advice that aligns with your individual goals and circumstances.
As a family-run business, we infuse our family values into every decision we make. This approach ensures that our clients remain at the heart of everything we do, enabling us to consistently deliver outstanding customer experience. Together, we strive to achieve the best possible outcomes for each and every one of our clients. In essence, we’re one big family working together to support and uplift our clients.
Disclaimer
Frequently Asked Questions
Can I remove my spouse's name from the mortgage without refinancing?
Yes, this can be done. However, the person remaining in the property must be able to afford the mortgage on their own. This is called a transfer of equity and must form part of the financial settlement agreement when finalising the divorce. If you are looking to raise funds for the settlement, this may need refinancing.
How does selling the home work in a divorce?
When selling the home, the proceeds from the sale are used to pay off the existing mortgage, and any remaining equity is divided according to the divorce settlement. This can provide a clean financial break for both parties.
What is a buyout in a divorce mortgage context?
A buyout involves one spouse refinancing the mortgage in their name alone and paying the other spouse their share of the home’s equity. This allows one spouse to keep the home while the other receives their financial share.
What if I can’t qualify for a refinance on my own?
If you cannot qualify for a refinance on your own, consider:
Guarantor: Finding a guarantor to help you qualify.
Income Improvement: Working on increasing your income or reducing debt.
Lender Flexibility: Consulting with different lenders to find one with more flexible criteria.
How does a divorce affect my credit score?
A divorce itself doesn’t directly affect your credit score, but missed mortgage payments or other joint debts can. Ensuring all joint debts are paid on time and closing joint accounts can help protect your credit.
What if my spouse stops making mortgage payments?
Both parties are responsible for the mortgage until it is refinanced or sold, even if one spouse moves out. If your spouse stops making payments, you should make them to protect your credit and then seek legal recourse to address the issue.
The Financial Guys is a trading name of Platinum Financial Limited which is an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.
The Financial Conduct Authority does not regulate some forms of Buy to Let. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
Contact
- 0333 012 4574
- hello@thefinancialguys.co.uk
Opening Hours
Evening and weekend appointments available.
Find Out What Lenders See When They Check You
Privacy Policy | Our Fees | Complaints
Copyright © Platinum Financial Ltd. Registered in England & Wales (11298789)
Registered Address: 30 Benton Road, High Heaton, Newcastle upon Tyne, NE7 7DU