A Mortgage Capacity Report, or Mortgage Capacity Assessment, formally outlines the amount and type of mortgage you might be eligible for after a divorce or separation. It is an in-depth report that will be based on your specific and individual circumstances.

The information used will be factual information that you know to be certain.

For example:

• Your income
• Current debts and financial commitments
• The outstanding mortgage
• Property value and equity
• Savings and investments
• Children and dependants

A qualified mortgage adviser will collate all of the above information. The adviser will then run through some possible variations, or scenarios, of your situation post divorce. The solicitor may also have some specific requests or suggestions.

The variations could include: the amount of deposit available, child care or maintenance payments, property location etc.

After conducting thorough research, the adviser will be able to include the specifics of any mortgage arrangements that you would qualify for.

The mortgage information would include:

• The amount of mortgage achievable
• Repayment method and term
• Different types of interest rates
• Monthly repayment figures
• Mortgage and related fees
• Affordability assessment

Should the assessment determine that you are unable to obtain a mortgage, then it will state this.

Detailed and reliable

The assessment will be more reliable than an online mortgage calculator, or even a visit to your local bank. This is an unbiased report, produced by a qualified mortgage adviser, into your borrowing capacity.

Mortgage Capacity Reports do not constitute regulated advice and therefore may not be covered by the Financial Ombudsman Service.  PRIMIS Mortgage Network are not responsible for this service.