Buying guide
Refinancing your mortgage after a breakup or divorce
What happens to the mortgage when you separate?
AI summary
Navigating a mortgage after a breakup involves several key steps. Initially, both partners remain legally responsible for payments until the property is sold or refinanced. The home is typically sold, with proceeds first repaying the joint mortgage.
One partner can buy the other out, but must qualify for a new mortgage on their own. Under the Property (Relationships) Act, assets are usually split equally. However, couples can create a 'contracting-out' agreement for a different arrangement, ensuring a fair outcome.
What happens to the mortgage when you separate?
What is the law around dividing up relationship property?
Does shared property have to be split equally when you break up?
Why would someone agree to less than half the house in a break up?
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