Did you get another mortgage after divorce?

[LibertyBlues]

Hi all,

I'm fed up of the financial side of my divorce dragging on. I'm thinking of just walking away with the offer I've been made. It's less that what stbxh will get but I'm just suffering greatly with all of this.

Just wondered if anyone out there got a mortgage at my age 50 and how much? The family home has been mortgage free a few years so it's a while since I've had to pay a mortgage. I can't buy him out and can't stay in the family home.

I don't want to live with a lot less money, through having to pay a mortgage on my own and support the kids (no CM either) but can't stay in this position for much longer.

He had pushed for mediation - I went alone to see what it was all about - but it won't progress as I can't bear to be in the same room. Communication broke down the moment I told him I wanted out.

I'm considering my options.

You need to talk with an independent financial advisor, mine got me a wonderful mortgage deal when I felt I wouldn’t qualify for anything I could afford.

if the kids are underage, have you applied for UC? Income from IC can be used on some cases as income for affordability calculations.

An interest only mortgage is not ideal but may help you to live with less worries for a few years while you adapt to your new life and becoming more independent.

How old are the kids?

Yes I have had to do that was given what was needed
please try not to take interest free mortgage
im 56

Mediation is a waste of time unless you both can agree on what you both want.
almost seems like a con .
to move towards the next stage you have to show you’ve been to meditation mine was invited over 4 times didn’t attend bastard that he is the waste of money
can you really not come to some agreement.
you do need a starting point even if your going to court.

I definitely don't want an interest free mortgage.
I think mediation is a bit of a con too. I wasn't very impressed tbh and felt annoyed that I'd paid £100 for it! I don't think I would feel represented at all of my solicitor wasn't there.

I'm hoping he improves his offer but, as it stands, he will get about 60-70% of assets. There has been no consideration made to the fact that I worked part time for 12 years raising the children, so lost income, pension and promotion chances, not that I have the dependant child living with me 100% of the time. Eldest (18) is going in the armed forces.

Kids are 14 and 18

The eldest has just finished A-levels and is applying for the armed forces but I'm still paying a lot of his living costs, obviously. He isn't claiming anything.

I think my solicitor is a bit useless tbh. I'm considering changing but not sure I can at this late stage.

I earn more than him.

But, I have studied and worked hard to get it for many years! He sat back!

Don't walk away yet. Don't give up, and accept his offer, yet, because of the strain. Find out about the mortgage first. Then Your'll know if you need to fight for a better offer. Start by Getting some financial advice starting tomorrow. And ring your solicitor tomorrow. Then at least you'll feel better because you've been proactive.

You should walk away in an equal position taking all the factors into account. Don't give up.