Any mortgage advisors out there - is this possible?

[MakeMineALargeProsecco]

My mortgage advisor has finished up for the holidays so thought I'd ask here.

Am going through a separation- we currently have a mortgage on the family home, with a fair amount of equity. The mortgage is portable & due to come off the discounted rate in April.

DP & I are both on the mortgage - he earns 60K.

I am currently working part-time & earn £23K with an additional £7K income from my rented property.

I've got a job interview after the holidays, for a full time job I will in all likelihood get. This is in a different area.

But I can't get a mortgage on my f/t salary until I've started my new job, which could be months away.

And I can't offer on a place until my equity is released from the house here.

So what I'm asking is: if we can agree to sell the house here, could we buy somewhere cheaper in the new area under both our names on the current portable mortgage - then DP comes off the mortgage/deeds quickly?

This would allow me to pass the affordability tests & then he could get his share of the equity back to buy his own place?

Is this feasible or am I grasping at straws to get out of an unhappy situation?

I can't help with your question, but can't you ring a different mortgage broker on Monday?
I have used London & Country, I am not recommending them as such, but I know they will be open on Monday and I haven't ever had any problems with them.

Worth mentioning that once you've got a job offer and contract, some mortgage providers will happily give you a mortgage on the FT salary lined up 3 months before the start date.

Thank you both; that is really helpful & could make all the difference to me.

I need to get myself off the current mortgage before I can make any offer too.

DP is making things difficult/delaying the process & I'm not sure he will agree. But he might do to get out quickly....

You don't need to be off the mortgage to make an offer. I'm in same situ apart from not changing job. I'm purchasing a house whilst ex is buying me out. Fingers crossed we should complete end of Jan

Mmm, I'm pretty sure she said I would need to come off due to the amount I earn compared to how much the current mortgage on the house here is.

I'll double check.

Anyone can make an offer - you don't need to be processable.

*proceedable

I'm in Scotland so the system is different - urgh! I don't think anything is going to change for me over the festive period so I'll just have to sit tight..... thanks for advice so far - much appreciated .

Yes Scotland maybe different. He needs to buy your equity from you. I'm currently renting. Pain but so worth it mentally!

I don't think either of us can buy each other out, so the place needs to be sold.

I was hoping there might be a way of making an offer on a new place with our combined current portable mortgage/salaries - then buying a new place together & paying off some of the equity with my share. He keeps his share & then comes off the mortgage/deeds once we are in.

I would pass the affordability tests with the equity paid in plus will have started new job.

Here to listen for the next few months as it's hard. I've been in my apartment for two months...!