i'm going through divorce, my name is on a mortgage with my ex husband, he still lives in the marital home, we are waiting to sell it.

i have been offered a shared ownership new build house, would i be able to obtain a mortgage for this,

Asked by carolc68_

2 Answers

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Answered by Paul Richardson, IFA in Wotton under Edge, GLOUCESTERSHIRE
I think the simply answer would be no I am afraid. Because you are liable for the existing mortgage, you probably will not qualify for the sharedownership mortgage. | 03.16.11 @ 06:34
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$commenter.renderDisplayableName() — {comment} | 11.24.17 @ 02:07
Answered by Darren Smith, IFA in Basingstoke, HAMPSHIRE
Paul is right.

as you currently own a property and currently have a mortgage, you would fail on the eligibility for the shared ownership scheme.

they might consider you once you have exchanged contracts on the sale as the sale must proceed (or incur penalties) so there is still some hope. | 04.13.11 @ 19:17
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$commenter.renderDisplayableName() — {comment} | 11.24.17 @ 02:07
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Answered by

Paul Richardson
Paul Richardson, IFA in Wotton under Edge, GLOUCESTERSHIRE

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