Mortgage Capacity Divorce Service
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Mortgage Capacity Divorce Services
We can provide you with a bespoke mortgage capacity service to aid you through the difficult time of divorce proceedings, taking some of the weight off the ambiguity of exactly what your future could look like.
We will provide you with a comprehensive report which is usually accepted by solicitors and the Courts and will also give you peace of mind for how much you can borrow yourself.
What is a Mortgage Capacity Report?
A Mortgage Capacity Report is a very important and useful document used in Family Court proceedings to help determine the level and type of mortgage you are likely to obtain. The reports are now requested by the courts as part of the process of reaching financial settlements between couples and as of 1st April 2022 are required for every case that is dealt with via Family Court proceedings.
The report is also used to compare the level of maximum borrowing with the amount of mortgage you can afford to maintain and is a bespoke report based on your circumstances and the nature of your financial separation.
Many of our clients use the report as a starting point for their discussions regarding financial settlements.
Who produces the report?
Our mortgage capacity reports will always be professionally prepared in-house but our highly experienced mortgage broker.
The document is often shared between solicitors and may even be used in court proceedings. For these reasons, it is important that the report is accurate, clear and concise.
Our specialist will conduct a complex review of your current finances, including savings, investments, debts and earnings.
If you have children then childcare will be considered within the assessment. We will then research your mortgage options and include this information in the report.
Speak To An Expert
We can provide you with a bespoke mortgage capacity service to aid you through the difficult time of divorce proceedings.
To find out more, please get in touch.
Why should I use Richard Crow Mortgages & Insurance?
As your report will be used by your Solicitor and or the Courts to help make assessments with regard to future finances. With such important financial decisions at stake, we believe it is essential you employ an impartial and professional company in order to produce your report.
Within the assessment report, we will be able to give a clear indication of your maximum mortgage borrowing ability, monthly cost and more importantly the amount of mortgage you can actually afford to maintain
If you need a mortgage after your divorce
Following your divorce, if you then need a mortgage we can use the information we gathered for the report to research, recommend and implement your new mortgage.