Can I see a mortgage broker for free?

[TeaCakeandKisses]

Hi,

My divorce is still ongoing and has moved no further forward in 3 years so I think I’m going to accept the poor offer of a settlement figure. I can’t go on with this any longer - emotionally or financially.

I would like to see a mortgage broker to see what my options are for getting a mortgage to enable me to sell up the family home (stbx wants half plus it’s too big for myself and my daughter). Currently mortgage free.

I am 51 so worried I’ll end up with no disposable income to have a life and spend my life worrying.

stbx has played unfairly. He doesn’t even pay child support and has got out of it by cutting his hours. He has also taken a big lump sum out of his pension. He has also inherited money/property but had it ring fenced.

I can’t afford any more solicitor fees and have £10k to pay off on a credit card. This is without any mortgage payments. Plus, car payments.

I have a pension that will pay a lump sum and I can access it at 60. So, looking for advice on how I can do this without crippling myself financially.

Does anyone have any recommendations/tips?

Yes many mortgage brokers work for commission, so free for you.

You'll probably need to think about what you're planning to do with the half of the house you're selling - presumably you'll use that money from the sale as a deposit for the mortgage?

Actually, it’s probably a financial advisor I need as I want to see where I stand before accepting the settlement figure. I’m not in a position to apply for a mortgage yet as the house isn’t on the market (due to waiting on a settlement being set).

I think I’m going to need to borrow £50-£100k. We bought our house when interest rates were really low and had a really good deal which allowed us to overpay so it was paid off quite a few years early.

Can I get free financial advice? I’m still paying hundreds to a solicitor every month and paying for all costs for my daughter and on the family home. I can’t really afford a financial advisor but need one.

Yes, my share of the family home would just go straight towards another house. I’d be downsizing.

I want to investigate if I can use my pension lump sum to pay it off at 60. Or, whether it’ll be better to leave the lump sum in my pension until my normal retirement age at 67.