Complicated Mortgages
A divorce or separation can be a stressful situation, with the added complications of how you should split your matrimonial home and assets. This can cause all sorts of credit and financial problems, which could result in either or both or you being refused a mortgage. We have fully qualified advisors who are experienced in dealing with sensitive issues around Divorce and Separation. If you would like to speak to and advisor please leave your contact details we will ring you back promptly.
Understanding how to divide a home
Our advisors can help you look at the options of:
- Looking at the possibilities of buying out your partners share
- If you sell, how much you could borrow to purchase a new home.
- Explain and support you through the process
- Find lenders who will be sympathetic to your situation if your credit file has been impaired as a result of your separation.
- We can arrange mortgages for the whole of the intermediary market, and all circumstances can be considered
Very few lenders will agree to fund a mortgage for such properties, it is a very specialised area of lending. We are fully experienced in such cases, using our knowledge and expertise we will be pleased to handle the case for you. Please contact our office by leaving your details, we will ring you back promptly.
This is a matter of law we work with lenders and solicitors who understand such matters (many do not) to get the matter resolved. Please contact us , we will ring you back promptly.
Life carries on no matter what lenders consider acceptable. During the period of you being off having been blessed with a new child, most people’s income is reduced in some way. Carefully presentation to the correct lender normally will bring the desired result. Not all lenders will lend we have considerable experience in such cases. Please get in touch with us by leaving your details, we will be in touch promptly.
The presentation and knowledge is vital in the selection and presentation of such applicants to lenders only certain benefits will be accepted by a lender and each lender accepts different benefits, we are very experienced in this kind of placement and as a result we maximise each application. Please leave you contact details we will be in touch promptly.
Regulation and post crash the criteria for such mortgages has been made awkward by both the lenders and the regulator. However certain lender will take a pragmatic and “more” sensible approach we hold accounts with these lenders and with the correct presentation we can assist you. Please do leave you detail we will be in touch promptly.
You will most likely be aware most lenders work on a credit score basis. Once you have a damaged credit file it is important that the case is presented to the lender in a detail and professional manner failure to do this will result in the case being refused. We are very experienced in type of application and get considerable success. Please do leave you contact details for us to promptly contact you
Mr. R worked for an Australian company. He and his partner went to Australia for a holiday and decided to stay there for 13 years. After the birth of their first child they decided to move back to the UK to be near to family and needed a mortgage. There was only one lender that would accept their application after being away for so long and we found them.
Mr. A Decided to go self-employed after being made redundant twice when both companies he worked for went into administration. He then went through an unpleasant divorce which resulted in court settlement. During these life events he incurred some adverse. As he was able to evidence the life events happened when the adverse did which included missed mortgage payments, we were able to place him with a mortgage lender designed to help re-build his credit.
You will most likely be aware most lenders work on a credit score basis. Once you have a damaged credit file it is important that the case is presented to the lender in a detail and professional manner failure to do this will result in the case being refused. We are very experienced in type of application and get considerable success. Please do leave you contact details for us to promptly contact you.
You will most likely be aware most lenders work on a credit score basis. Once you have a damaged credit file it is important that the case is presented to the lender in a detail and professional manner failure to do this will result in the case being refused. We are very experienced in type of application and get considerable success. Please do leave you contact details for us to promptly contact you.
Mrs. K just started a new job and had been there less than 1 month. She needed to remortgage to a better interest rate and repay some debts. Mrs. K was worried because she had just started her new job. We placed her mortgage with one of the 2 high street lenders that will accept day 1 employment. Mrs. K was very pleased with this.
For Self Employed applicants lenders usually ask for the latest 2 years SA302 & Tax Year overviews from HRMC
Please read below for some guidance on what you need to do and how to get hold of these documents.
To obtain this information:
HM Revenue & Customs (HMRC) provides the information online. Please note that combination of online and paper versions to proof a number of years is acceptable.
Type in HMRC Online Services and you will see the same login page you used to submit your self-assessment.
Paper originals will continue to be acceptable if you do not have access to the internet. These can be ordered by you (or your Accountant) from HRMC T: 0300 200 3310.
SA302 particulars to be checked:
- Please ensure the following details are visible on the online SA302:
- HMRC logo
- Your name,
- Tax year
To print online SA302 Tax Calculation:
- From your HMRC online account
- Log into the HMRC online account (go to www.online.hmrc.gov.uk)
- Select ‘Self Assessment’ (if you are only registered for Self Assessment then you will automatically be directed to this screen)
- Follow the link ‘View Your Tax Return’
- Follow the link ‘tax return options’
- Choose the year from the drop-down menu and click the ‘Go’ button
- Click the ‘view return’ button
- Follow the link ‘view calculation’
- Follow the link ‘view and print your calculation
- Follow the link at the bottom of the page to ‘print your full calculation’
Tax Year Overviews
An additional HMRC online document called a Tax Year Overview will be required to verify that the SA302 information is correct, whether using online or paper-based SA302s.
The Tax Year Overview is produced by HMRC after the customer has submitted their self-assessment tax return. It shows the amount of tax due to be paid directly to HMRC or any available amount for a refund for a given tax year.
To print online Tax Year Overview from your HMRC online account:
- Log into the HMRC online account (go to www.online.hmrc.gov.uk)
- Select ‘Self Assessment’ (if you are only registered for Self Assessment then you will automatically be directed to this screen)
- Follow the link ‘Self Assessment Overview’
- Follow the link ‘view account’
- Follow the link ‘tax years’
- Choose the year from the drop down menu and click the ‘Go’ button
- Follow the link ‘print your Tax Year Overview’.
This kind of mortgage has been gradually reduce in number to ensure clients of the banks are able to repay their
mortgage at the end of the mortgage term, some lenders will still grant such mortgages ,
careful presentation of the case to the chosen lender is vital. Please leave your details and we will call you
back to discuss your requirements.
These cases are all treated on an individual basis and therefore it is viatlly important that you speak to an experienced adviser
who is able to place you with the best and most competitive lender please leave your contact details for us to call you back
at a time is convenient for you
