What our clients say
When going through a divorce or separation, one of the most significant considerations can be the family home—who will keep it, and how will they afford it?
Without the right information to hand, this difficult situation can cause rise to financial uncertainty and legal disputes. This is where a Mortgage Capacity Report plays an essential role to help alleviate these potential issues and stresses.
A Mortgage Capacity Report is often requested by solicitors on behalf of their client. Our expert mortgage consultants ensure your report meets the requirements of legal representatives, solicitors, and courts, offering you clarity and reassurance during this complex time.
A Mortgage Capacity Report, also known as a Mortgage Capacity Assessment, is an in-depth and bespoke report about one’s individual circumstances and financials, which assesses the amount and type of mortgage you might be eligible for after divorce or separation. The report provides an assessment of your individual income, expenses, credit history, and debts.
This information can be helpful to understand how to divide assets and property and show the viability of changing from a joint mortgage into one person’s name. It is a good foundation to fairly discuss financial settlements and is often used in family court proceedings.
The report is only valid on the day the report is produced. This is due to the changing nature of the mortgage market and how this impacts your ability to afford the mortgage and the quoted interest rates. Additionally, any changes in your own circumstances and the final divorce settlement can affect the report results.
At Private Finance, our experienced mortgage consultants are here to listen and answer all your questions, providing reassurance for your Mortgage Capacity Report.
You can call us on 0800 980 8777 or email info@privatefinance.co.uk.
Our mortgage consultants will guide you through the process with an initial consultation to understand your requirements and timeframes. If you are working towards a specific or short time frame, it is best to state this early on with your consultant.
They will also request certain information about you, including:
Once the assessment is complete, you will find out the specifics of your mortgage that you would qualify for, including:
*It is important to note that the report will not provide a recommendation of specific lenders or mortgage products, however it will provide an illustration of the difference between a fixed or variable rate mortgage, the monthly mortgage payments, and other likely costs associated with a mortgage.
Your consultant will advise you on a potential scenario of your situation post-divorce using varying financial splits. The report typically only includes one scenario, however you may decide with your solicitor that you require additional ones based on several variations, including but not limited to, child custody, childcare costs, or working arrangements.
Confidentiality: The report is shared only with you unless you instruct us otherwise. If a joint report is required for both you and your ex-partner, we can provide a combined assessment.
We understand how stressful and emotional this situation can be.
Our experienced mortgage consultants are here to provide clarity and support.
Please feel free to reach out to our team on 0800 980 8777 or email info@privatefinance.co.uk and we would be delighted to assist you.
Speak with an expertOnly the individual who initially requests the Mortgage Capacity Report will receive the results. It will then be up to you how this is used and shared with.
A Mortgage Capacity Report, also known as a Mortgage Capacity Assessment, is an in-depth report about one’s individual circumstances and financials, which assesses the amount and type of mortgage you might be eligible for after divorce or separation.
The report provides a clear and objective assessment of your income, expenses, credit history, and debts.
