Splitting up and mortgage

[flower191]

Advice needed

if I were to split up with my partner and they agreed to move out and sell the house when the kids are 18 how would it work when my mortgage term comes to an end? we usually do it every two years how would it work if he has a different address? or would I just have to leave it and let it go to a variable mortgage and pay more?

Sorry I don't mean term I meant mortgage rate.
Are you able to stay with the same company and change the mortgage rate every two years/five years even though they have a different address.

How old are your children now? I would suggest you get some free legal advice as this will help you make an informed decision.

If he is going to continue to pay half the mortgage will he be able to offered child support and his own costs moving forward. Is your ex prepared to rent and not want another mortgage of their own?

What position would this put you in when the children are all 18? My ex thought this is what we would do. But my point was that I will likely to still need to house the children at that point and I would not be in a position to get a mortgage of My own at nearly 60. Even with good equity from the family home. Once he has had his half I wouldn't afford a 3 bed house for the children and I with what is my share.

Also in my situation my ex promised me the earth and to support me and the children. That lasted all of 6 months. And I have spent nearly 2 years now chasing him for money. I haven't seen a penny since.

You need to be in a position of not being reliant on that money in case the worst happens.

A broker would be able to find you a new deal - it's not uncommon! (alas). Do look through all the options and whether this is feasible, the length of time you don't mention but he may struggle to buy somewhere else

I agree you need legal advice.

How old are your children? You could fix for a longer term before he moves out but if plans change that means it's a commitment that might become a pain.

It is possible however the lender will take the running costs of both homes into consideration when assessing affordability