What is a Mortgage Capability Report?
Sometimes referred to as a Mortgage Capacity Report, it is a document used in court during divorce proceedings. The report is normally recommended by a solicitor or mediator when clients are separating or considering a divorce, and it is a comprehensive analysis that delves into your potential borrowing power.
This insightful analysis aims to ensure that you strike the right balance between the mortgage amount you can secure and your ability to manage it within your financial means. It helps understand your financial position and is the foundation of discussions regarding a possible financial settlement. Our report is very thorough and is custom-made for you, taking into account your unique situation and individual circumstances. It will help you;
- Understand your ability to borrow money for a mortgage and the loan size available.
- Consider the financial implications of various mortgage options, helping you choose the most cost-effective solution.
- Estimate monthly mortgage payments and plan your finances effectively based on different scenarios.
- Gain insights into current interest rates available, empowering you to compare and choose the most favourable options.
- Make informed decisions by evaluating different mortgage options based on their terms, repayment schedules, and fees.
- Identify potential savings opportunities by comparing mortgage products and selecting the option with the most favourable terms.
Although we charge a small fee for the report, we have developed a reputation for being very strong in this area. Please contact us to understand more.
Anet A
I first encountered Choice mortgages 18 years ago when they worked magic and obtained my family a mortgage. 18 years later, with my circumstances all broken up and incredibly complex, I remembered them. I had little hope but once again they worked their magic when others considered my circumstances impossible/difficult. Nicola and her team were incredibly attentive. I was always made to feel that my application was the only one they were dealing with. Even when Nicola was away on annual leave, she tasked others to liaise with me and to keep on top of correspondence from the lenders - which in my case were legion. I can’t thank ChoiceMortgages UK Ltd enough. There’s so much I can’t say online but what I can say is that your dedication has brought me peace and offered a home to my daughters and me. Thank you.
Magic makers
Variations of a Mortgage Capability Report?
We have solutions for every circumstances and with four variations, we present your situation in a credible way that empowers you to make decisions confidently.
Mortgage Capability Report
Detailed overview of your maximum borrowing amount, affordable borrowing amount, cost breakdown, and examples of fixed-rate and variable-rate mortgage options.
Mortgage Capability Report with extra scenarios
Learn how changes in circumstances, such as maintenance payments, deposits, or income fluctuations, may impact your mortgage borrowing capacity.
Joint Mortgage Capability Report
Instructed by both parties, it is designed explicitly for divorce cases involving multiple parties, this report offers comprehensive details of the mortgage capacity for two or more individuals.
No Mortgage Capability Report
This specialised report explains why you may not qualify for mortgage lending due to age, self-employment, low income, high debt, or bankruptcy
