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Mortgage Capacity Reports

A mortgage capacity report is a detailed, in-depth assessment of your mortgage borrowing capacity. These reports can provide invaluable information if you are in the process of a divorce or separation.

What is a Mortgage Capacity Report?

The mortgage capacity analysis is an extensive examination of the level of mortgage you are likely to successfully obtain. It will also assess this maximum borrowing capacity in comparison to the mortgage affordability.

 

Reliable – The evaluation is more dependable than a visit to your bank or utilizing one of the various online mortgage capacity calculators accessible.

Credible – The mortgage capacity analysis also enhances the credibility of your financial settlement when dealing with your solicitor and/or court personnel, including the overseeing judge in your divorce.

Informative – The mortgage capacity analysis does not endorse a specific lender or product, but it will provide illustrative examples comparing current Fixed interest rates with Variable interest rates, the monthly Repayments, and all other probable mortgage costs.

Cost-effective – If you require both your and your partner's mortgage capacity for divorce purposes, we can be engaged jointly. This will provide you with a single report encompassing the mortgage capacity of both parties for one fee.

Detailed – We can also furnish information regarding your mortgage capacity based on any range of financial scenarios.

Different types of Reports

Single Report

Joint Report

No Capacity

£249

£400

£125

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  • ​Details of maximum mortgage borrowing as confirmed by a range of mortgage lenders currently present in the mortgage market.

  • Example mortgage illustrations confirming an estimate of costs related to the maximum mortgage borrowing.

  • Confirmation of whether the maximum borrowing amount is affordable based on disposable income calculated from income and outgoings.

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  • The report can be based on any financial circumstance and used to explore how changes in financial circumstances might affect capacity to mortgage.

  • As experts our duty is to the court which overrides any obligation to the person instructing or paying for this report. 

  • All information provided will be based purely on lending criteria and our experience as mortgage advisors.

  • The report will contain details of all information used to complete the assessment, including income, outgoings and any other important information specific to the investigation.

    • If you or your client have been ordered to instruct a single joint expert (SJE) as part of financial proceedings.

    Important notes:

    All of our reports comply with the requirements set out in the Family Procedure Rules – Part 25 Experts and Assessors’ and ‘for joint assessments our timescale is 4-5  working days.

     

  • In addition to the information included in a Single Mortgage Capacity Assessment, the joint report can be used for 2 more parties, an example of this might include - the Applicant v Respondent plus the Respondents new partner.

  • This report saves £98.00 when compared to the instruction of 2 separate single assessments.

    • For individuals whose circumstances undoubtably mean they are in no position to secure mortgage lending, for example, newly self-employed with no accounts, unemployment, high indebtedness.

    The report will include:

     

  • A quicker turnaround time – typically 3 working days.

  • Confirmation the individual has £0.00 capacity to mortgage.

  • Details of lending criteria confirming why the individual has no ability to obtain mortgage lending.

    • Please note that additional scenarios can not be added to a No mortgage Capacity Assessment

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