Spousal maintenance mortgages

[Joy5]

Hi
Has anyone had any luck getting a spousal maintenance mortgage recently? I've tried and tried and had no luck, maybe not helped by my bad credit rating.

I've been separated 6 months, and H is starting to miss mortgage payments on FH, so really need to get myself and 2 teenage children out of here and into a more permanent home. Miissed mortgage payments are not helping my credit rating either.

Living in a large house with a massive mortgage, H is paying, or should be, would really like to move to a much smaller house, with lower outgoings where i could manage to pay the mortgage and have control over it. Really can't afford to stay here financially.

Would really appreciate hearing from someone who has a spousal mortgage, and how they managed to get it

Are you after finding out which lenders will borrow x times salary plus maintainaince?

Yes please, any information gratefully received, i'm not sleeping well, and too tired to explain what i'm asking properly!

If I were you I would crack on with the divorce & get your financial ties severed & see what you can afford mortgage wise. Usually banks want 6 months of regular maintenance payments before they include this in income.

You need to go to your current lender and explain to them what is going on. Are you able to contribute toward the mortgage payment at all?

Are you claiming single person allowance with regard to council tax? You'll get a small discount so extra money there.

Are you entitled to any tax credits? You need to find out these things. My working family tax credit and child benefit was taken into account when I finally got the house (taking over the mortgage) in my divorce. Also, you'll probably need a court order for child maintenance to be considered as part of your income with regard to mortgage. (mine was)

Also, have you seen a solicitor yet? You need to get some legal advice.

Current lender knows situation we are in, H 'kindly' told them his new address, which cancelled out the new mortgage we had arranged for us to move to a smaller property. My current salary is nearly half the mortgage a month so can't contribute to it.
Getting the single person discount on the council tax thank you, an i'm claiming tax credits, although one son is in final year of A levels so his part will stop in the summer.
Seen a solicitor, divorce is underway so child maintenance will be part of court order, can stay in the house untll youngest son is out of FT education, just need to be able to pay the running costs, which i'm struggling with, and H to carry on paying the mortgage.
Which is why i've been trying to get a spousal mortgage, if i can get us into a smaller house, i stand a chance of buying my H out of his share eventually, as well as paying my way.
Been turned down for another mortgage tonight, running out of ideas now!

A court can order your XH to take out a joint mortgage with you if it's the only way you can get one large enough to cover your basic housing needs.

Very unlikely Ineedadollar as the whole point of divorce is to separate finances! More likely is to be awarded the lions share of the equity to enable you to house yourself.

That only works when there is enough equity to do so though. If there isn't then the OP should know a joint mortgage is an option.