Your IndustryJan 2 2014

Guide to Mortgages and Divorce

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CPD
Approx.60min

    Guide to Mortgages and Divorce

      pfs-logo
      cisi-logo
      CPD
      Approx.60min
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      Introduction

      By Emma Ann Hughes
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      Splitting couples who fail to reach an agreement face the courts stepping in and deciding their financial fate for them.

      The two main options facing divorcing couples are to sell the property and split the proceeds as appropriate, or change the borrower names on the mortgage deeds if one of the couple intends to remain in the property as a sole occupant.

      This guide explores all the mortgage options facing couples going through a divorce, looks at the pros and cons of different approaches to dealing with the former marital home and what part financial advice plays in this process.

      Contributors to this guide are Tom Riley, head of product at Nationwide; Jeff Knight, director of propositions at Castle Trust; Ronan Marrion, mortgage adviser at Cornwall-based Worldwide Financial Planning; and Keith Churchouse, Chartered and Certified financial planner at Chapters Financial Limited and author of Addicted to Wedding Cake, Journey of Divorce.