Stowe talks

In most divorces, couples face challenges around the mortgage. From who will pay for it whilst you separate, to working out mortgage affordability for your next home.

And with interest rates still high, a growing housing crisis and an expert predicted rocky 12-18 months ahead, we asked Charlotte Tollitt, a Mortgage Broker from Meet Margo, to join us to talk about all things mortgage and divorce.

00:00 Introductions
01:30 Mortgages are a common issue in divorce
02:30 What happens if you don’t pay your mortgage?
04:20 Who does the bank chase for the mortgage payments?
05:30 What are your options for living arrangements while you separate?
09:23 What happens if you cannot agree what to do with the mortgage?
09:52 What happens if the mortgage is in one name?
12:10 How do you buy someone out of a mortgage?
14:39 How do lenders work out mortgage affordability?
18:40 How do you transfer the family home into a sole name?
20:40 What are the advantages of using a mortgage broker like Meet Margo?
21:57 How mortgages can be a tool of economic abuse
24:26 How mortgage brokers and lenders can support survivors of abuse?
25:16 The impact of interest rates on mortgage rates
27:32 Charlotte’s top tips on how to deal with your mortgage if you are separating

Packed full of advice and tips, this is a must listen podcast for anyone struggling to deal with a mortgage during a divorce.

Additional information

Who gets this house in a divorce? https://spoti.fi/4cgey7m
Surviving economic abuse - https://bit.ly/3v7uAA4
The first things to do if you are getting divorced: https://spoti.fi/4bH3OxP
How to prepare for a financial settlement: https://shorturl.at/bnpQT
The dangers of a DIY divorce: https://bit.ly/3Tsvql7
How to get a financial consent order: https://youtu.be/-FlSjw4tTXM
Recognising and dealing with economic abuse:https://spoti.fi/3VndusS

If you need support with the issues raised in this podcast, or would like to speak to a family lawyer, contact Stowe at: https://bit.ly/35WPSj2

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This podcast is brought to you by the Stowe talks team at Stowe Family Law - https://www.stowefamilylaw.co.uk/