There’s quite a few options that you should have available to you, and it may be that we can get you the mortgage you need without having to have your ex-husband on the mortgage or title deeds.
Whilst it’s true that a lot of lenders look for bigger deposits on cases such as yours, there are still lenders in the market who manually underwrite cases, which means that they can judge each case on its individual merits. At John Charcol we have strong relationships with such lenders and regularly get cases agreed that fall outside of the major high street lenders criteria.
Alternatively you could look at doing a “joint borrower / sole proprietor” application, where both of you are named on the mortgage, but only yourself would be on the title deeds. We could also consider a ‘guarantor’ mortgage, where your ex-husband would guarantee the mortgage payment, but wouldn’t be on the application or deeds.
Subject to seeing the rest of the details around your situation, I think you certainly should be able to get a new mortgage for yourself and the children.
If you’d like to have an initial discussion to explore your options in a bit more detail, then please call us on 0808 271 4723 and we’ll arrange a convenient time for you to speak to one of our consultants.
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