Written by a fully qualified, regulated Adviser, from one of the
UK’s largest Financial Services Networks.
Mortgage Capacity Assessment
St Barts Finance LTD is an appointed representative of The Openwork Partnership Limited, which is authorised and regulated by the Financial Conduct Authority
We are part of one of the UK’s largest Financial Services Networks:
What is a Mortgage Capacity Assessment?
Mortgage capacity report produced from £195. A mortgage capacity report is an in-depth report detailing the amount and type of mortgage you are likely to get after a divorce or separation. Even though there is plenty of templates and guides online each mortgage capacity assessment and report are different based on the client’s individual circumstance.
Why do I need a Mortgage Capacity Assessment?
The Capacity Report is most commonly used during divorce or separations. In most cases, this is requested by the courts to do decide on financial splits of existing assets. This report will not only give you an element of peace of mind and allow you to plan your future post-separation but will be able to detail different outcomes based on varying financial splits.
Who completes the Mortgage Capacity Report and Research?
The mortgage capacity report needs to be deemed credible. At St Barts Finance we are an experienced mortgage brokerage and financial planner with the correct qualifications in place. This ensures that your mortgage capacity assessment is deemed credible by solicitors and the courts.
Mortgage capacity assessment what’s involved?
This is completely dependent on your own personal circumstances and the complexity of your separation. There are many factors that can affect the outcomes of the reports and every potential scenario should be covered to ensure that you get a fair settlement from your separation.
What information should I know to help my advisor generate a mortgage capacity report?
There is some key information that you need to know to ensure that your report can be started. There are potential variable scenarios that you should consider, based on maintenance payments, childcare and your current work situation (if that needs to change to support your family).
What is a Mortgage Capacity Report Scenario?
Your report will include one scenario as standard after that you and your solicitor may decide you would like additional scenarios based on variants within the divorce or separation proceedings.
- Child Custody
- Maintenance Payments
- Benefit Payments
- Child Care Costs
- Working Arrangements
There are 100’s of potential scenarios that could happen when divorce/separations take place. You will not need a scenario for every possible outcome but working with your solicitor and your advisor at St Barts Finance we will be able to look at the likely scenarios that you could be faced with post-divorce.
To speak to a qualified mortgage advisor in more detail about your Mortgage Capacity Assessment contact the team at St Barts Finance on 01202 520 550 or use our online appointment booking solution.
Mortgage Capacity Reports are not part of the Openwork offering and are offered in our own right. Openwork Limited accepts no responsibility for this aspect of our business. Mortgage Capacity Reports are not regulated by the Financial Conduct Authority.
Assessment Costs
We charge a flat fee of £195.00 for a Mortgage Capacity Report (which includes arranging a mortgage for you when/if the time is right). If you require several different scenarios (as specified by the court), we charge an additional £50.00 per scenario.
One of our six, employed Mortgage Advisers, will tailor your report to your requirements. Our advisers have over 25 years of experience and have previously worked for Halifax, Nationwide, Virgin Money and HSBC.
We will try to produce your report within one week, but if you need it urgently, we can produce the report within 48 hours at an additional cost of £50.00. If you would like to confirm the exact fee payable, please get in contact and we will be able to confirm this for you.
Download a sample report here.