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Getting a mortgage after divorce

(3 Posts)
losingtrust Fri 14-Sep-12 09:11:44

I went through an Independent Financial Adviser who got me four times salary but not self-employed so a bit easier. In the end went with Nat West. They did take into account child benefit but not maintenance unless you have a two year history of this. Just as well though as no longer getting any so can understand the lender.

RedHelenB Wed 12-Sep-12 12:48:11

Is it a new mortgage or taking sole ownership of an existing one? Halifax gave me one using tax credits, child benefit & earnings. Maintenance would have counted too BUT I didn't have 6 month worth to show them. They will look at any debt you have too. Not sure about self employed but if you have your figures to hand then i can't see why that would be a problem.

GingerBeer1234 Wed 12-Sep-12 10:58:24

Hello, I was wondering if anybody could share their knowledge on getting a mortgage as a divorced single income parent.

All I seem to hear is that lenders are much tougher these days - for everyone - so I'm assuming that it's even harder if you're on one income. And self-employed will only make it worse, I'm sure.

I have accounts I can show and will have a reasonable deposit - about 60% - but is it likely I can get 3 x my (lowish) income? Or 4 x, with a good deposit? Or do lenders just baulk at lending to single parents full stop?

Does anyone have any experience they could pass on? Tips on sympathetic or specialist mortgage lenders?


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