Mortgage Capacity – What does it mean when you Divorce?

Recently, our Mortgage Adviser – David Milbourn – was invited to participate in a podcast with Georgina Allen, a senior associate at Rayden Solicitors. 

The podcast ‘Family Law Featuring: Mortgages’ by Rayden Solicitors delves into the concept of ‘mortgage capacity’ in the context of divorce. Georgina and David discuss the importance of understanding one's ability to borrow money post-separation, highlighting that joint mortgages hold both parties fully responsible for repayments. The discussion also covers potential strategies like switching to interest-only payments or taking mortgage holidays during financial negotiations, emphasising the need for professional advice to navigate these options effectively. 

Listeners can expect insights into various mortgage-related considerations pertinent to individuals undergoing separation or divorce. 

Your home may be repossessed if you do not keep up repayments on your mortgage.

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