How do I work out if I can get a mortgage without DH?

[Manteo]

If we sold our house (or he bought me out) I'm pretty sure I would have over £100k in equity. We have about £200k equity but as he earns more than double what I earn and I would have to have DD close to 100% of the time I gather there is a fair chance it could be 60/40 in my favour.

Obviously this is a large deposit but I only earn about £21k currently and Google tells me I'd only get 3 times my income. Even the tiniest 2 bed terrace here is just under £250k so that wouldn't be enough.

I've worked out what my income would be with my salary, cm and any universal credit.

I'm 37 so I assume I should still be able to start with a 30 year mortgage?

I have no debts other than student debt (from when fees were £1200 a year)

The mortgage repayments seems to come to less than 25% of my (would be) total income.

No childcare fees.

Not a very expensive lifestyle (small cheap car, phone currently paid off and not being replaced until I have to, food from Asda/Lidl/Aldi, clothes from supermarkets/matalan)

So it seems affordable but is there any chance in hell I could get a mortgage of well over £100k?

I don't know want to waste a mortgage advisors time yet as we haven't even separated, plus I'm generally working or looking after DD so it's tricky to fit it in.

Any advice?

There are lenders who will use uc, cb and non court ordered maintenance when assessing how much you can borrow.
Go to a broker and get them to help you

A broker will advise you.

You can’t apply for a mortgage then not take it out as you will need to find a house first to apply for a mortgage on! You can only get an agreement in principle prior to finding a property.

Hi. You don't say what is left on the mortgage as you could go for 100% of the house equity or look to stay in the home, given your needs and earning potential versus his higher earnings and offset the extra £100k equity against what you would be entitled to from his pension, assuming he has a very good one. Bearing in mind £100 in a house is not the same as £100k in a pension. A solicitor could advise you on what will be best for you in the event of divorce.

@katieak

How much does your husband earn? If there's a significant difference there is a chance you could get more of the equity to help you afford somewhere.

Yes I said in my original post I was hoping this would be the case. He earns more than double my salary but it varies.

@CheshireCat2021

Hi. You don't say what is left on the mortgage as you could go for 100% of the house equity or look to stay in the home, given your needs and earning potential versus his higher earnings and offset the extra £100k equity against what you would be entitled to from his pension, assuming he has a very good one. Bearing in mind £100 in a house is not the same as £100k in a pension. A solicitor could advise you on what will be best for you in the event of divorce.

We have more in equity than is left on the mortgage. The house is too big for two people, I'd rather get out and get my own place. I doubt his pension is huge, he earns about £45-50k but this has only been for the last 5ish years. Before that it was not much more than £30k.

Just don't underestimate the value of pensions, many can be worth more than the property itself and are therefore a signifying marital asset to be used in negotiations ( your own would need to be valued and put in the pot too).

*significant

My background very similar to you. Came away from divorce with £120k equity. Earn about £21k (would be more if full time) 2 kids.

I spoke to a mortgage advisor and I managed to get a 110k mortgage over 30 years with a high street provider on a good rate. My outgoings are quite low (no gym, expensive phone, debts etc). I think maintenance from my exH was included in my incomings (not all lenders allow for this...) And I had to provide 3 months proof.

Good luck with your search. A decent mortgage broker is the way to go I think.