Divorce is tough, especially when it comes to deciding who keeps the house. But don't worry, there's help available. Let's talk about why it's essential to get expert mortgage advice during this time. We'll cover everything from dividing assets to protecting your home and financial stability. Remember, while friends offer support, professional advice is key to securing your future.
Understanding property division
Dividing assets in divorce is more than just splitting ‘stuff’. It's like solving a puzzle with factors like money, kids, and the family home. The house, filled with memories, often becomes the heart of the debate.
Mortgage matters
Divorce has an impact on mortgages, especially joint ones. Figuring out who handles the payments can be overwhelming. Lenders look at things like income and debts to decide who can take on the mortgage.
Why you need expert advice
In the whirlwind of emotions and legalities, seeking expert mortgage advice is a must. Skilled mortgage brokers know the ins and outs of divorce-related finances. They'll guide you through options tailored to your needs.
Unlocking equity as a lifeline
If you're keeping the house, unlocking its equity can be a game-changer. Equity release lets you access cash without selling your home, offering a financial lifeline during tough times
Tailored solutions for over 55s
For those over 55, lifetime mortgages provide flexibility. You can borrow against your home's value without immediate repayment worries, ensuring financial stability.
Protecting your home with pensions
Pensions can also play a role in securing your home. Offset a substantial pension against your home's value to maintain ownership, ensuring stability for both parties.
Why friends aren’t enough
While friends offer emotional support, financial matters are best left to the experts. Divorce is unique, with complex financial implications. Professional mortgage brokers provide unbiased advice tailored to your situation.
Talk to our advisor Tony for personalised guidance
Divorce isn't easy, especially when it involves the family home. But with expert mortgage advice, you can navigate these choppy waters. Skyline Mortgage Consultants are here to guide you through, from understanding property division to exploring solutions like equity release and lifetime mortgages.
Your home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.
This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.
A fee may be charged for mortgage advice. The amount will depend on your circumstances.
Skyline Mortgage Consultants Limited is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority. Skyline Mortgage Consultants LTD registered in England and Wales Number 8157062. Company Registered Office: Heathmans House, 19 Heathmans Road, London SW6 4TJ