Was wondering if anyone could share their experiences with banks follwoing a marriage breakdown. We are currently living in separate houses - both in our joint names with equal mortgages on each. My wife wants to take a mortgage in her own right ( earning 36K - mortgage 300K ) and take my name off the original house - and vice versa for me. I am happy to do this but wonder if the banks will agree. I pay maintenance and have a reasonable salary to cover my own mortgage.
Do they take account of the maintenance in contributing to my wifes income - and ability to service a 300K mortgage ?
Or do they run a mile from separated couples....?
Do they take account of the maintenance in contributing to my wifes income - and ability to service a 300K mortgage ?
Or do they run a mile from separated couples....?