Getting divorced

Old Sep 12th 2013, 4:56 pm
  #61  
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Default Re: Getting divorced

Originally Posted by Arcadia View Post
Dont know if this is any help or not but.

We rented our property out while we were living in Abu Dhabi, the mortgage was with The Halifax, all we had to do was get thier permission in writing and took the letter to a lettings agency, who found tenants on our behalf.

All of this was done within a week, no problem.

We got landlords insurance,which wasnt much more if you shop around.

Can you switch Mortgage providers to one who will give you permission?
He can't remortgage without substantial equity.
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Old Sep 12th 2013, 5:05 pm
  #62  
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Default Re: Getting divorced

Originally Posted by Meow View Post
He can't remortgage without substantial equity.
Yep that's the issue, it's still pretty much at 100% mortgage
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Old Sep 12th 2013, 6:07 pm
  #63  
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Default Re: Getting divorced

Originally Posted by Arcadia View Post
Dont know if this is any help or not but.

We rented our property out while we were living in Abu Dhabi, the mortgage was with The Halifax, all we had to do was get thier permission in writing and took the letter to a lettings agency, who found tenants on our behalf.

All of this was done within a week, no problem.

We got landlords insurance,which wasnt much more if you shop around.

Can you switch Mortgage providers to one who will give you permission?
I think that only works if the house/flat was originally your own residence. If you haven't lived in the place they won't usually let you have a straight forward mortgage. We bought a second property whilst we were overseas in the mid 90's and we had to have a commercial mortgage with a large deposit as buy to let didn't really exist then.
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