Advice needed please

[peachsnapz]

Hi, I'm hoping someone on here can help me or point me in the right direction.
I split from my husband several years ago. We have 2 children and an amicable arrangement where I remain in house until youngest is 18, he continues to pay half the mortgage and then when we sell we split the equity 50/50.
We have recently decided to get divorced and he is happy to continue with current arrangement however I have started to think that it would be in my best interests to try and buy him out now rather than wait until youngest is 18 and sell.
I have contacted the mortgage company today and they would be willing to do the transfer and lend me the extra however I failed the soft credit search due to adverse credit! I have checked my credit files and have no adverse credit. The only thing it can be is that ex has an IVA and as we still have a joint mortgage that is affecting me.
Can anyone advise me whether it is better to try and buy a partner out or wait it out and sell and how I get round this IVA problem?
Thanks for reading!

How old is your youngest?

i personally would try to cut the arrangement now and sever all financial ties. But this will need resolving as part of the overall settlement ( so might not be 50/50 on the house )

13...

Have also just read something about having his name removed from the mortgage but then he still gets his equity when we sell. That seems like it would be good for me as he would no longer be affecting my credit?

Courts no longer like splitting assets once children reach 18 and will "encourage" clean financial breaks. You need to consider ALL assets such as savings and pensions. For example if he has a large pension pot and you do not you might be eligible for some of his pension. You could in theory ask for more house equity and offer to leave his pension alone in return which means you would not need to get a bigger mortgage anyway.

Look up Form E on the government website (under divorce) to see what information the courts need.

Where is he living now? Is he paying rent and half of the mortgage?

He lives with someone else, I'm not sure what he pays.

Try using a specialist broker and see what they say.