Mortgages, separation and selling our joint house

[RamsaysBitchinNightmares]

Me and my husband are separating. We bought a house 2 and half years ago and will be selling it.
As we are joint owners we will both benefit which is fine and hopefully I will be able to purchase another smaller and cheaper property whilst he goes to live with his mum.

How does this work? Can I apply for a lone mortgage and start the purchase process whilst ours is on the market hoping sale and purchase line up? Can I use my share of the sale as deposit?
Will I need to rent short term after completion of sale?

This is all new to me. He dealt with all the purchase of this house.

Thanks.

I assume you're OK living under the same roof or co-operating with him at Mums while you sort yourselves out. I guess no kids to complicate the issue.

Conventionally you'd sort out a mortgage eligibility and perhaps get an 'in principle' offer, find what you want and have an offer accepted and try to ensure dates line up for exchange and completion. Long time since I did this but ISTR deposits on exchange were passed up the line but check with your conveyancer.

No reason why you cannot rent instead and, if the dates don't work, you may need to find somewhere temporary as a lodger or tenant.

We do have kids, an 18 year old each that live elsewhere at the moment and we have a 10 year old together so there is some complication.

We are living together until the sale of the house and are able to do so as long as necessary with us both having the odd night elsewhere.

I may have to rent short term and I think it's affordable for a short period. House share not an option as I'd want my youngest daughter to at least stay with me some nights.

Thanks for your reply.

The advantage of renting is that you have no chain your end, the disadvantage is the cost.