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Acquiring a Mortgage Capacity Assessment Report

What is a Mortgage Capacity Assessment Report?

A Mortgage Capacity Report is a report that provides the amount you can borrow from multiple lenders based on a clients specific circumstances. This can be arranged Jointly or for Sole applicant. This report is usually required by the courts as part of the divorce process.

This report will provide a detailed breakdown of a clients circumstances, the amount that can be borrowed along with the rates and interest rates available.

Our Reports Are

Reliable

The assessment is more reliable than a visit to your bank or by using one of the many online mortgage capacity calculators available.

Credible

The mortgage capacity report also gives your financial settlement greater creditability when dealing with your solicitor and/or court staff including the judge presiding over your divorce.

Informative

Our reports will provide lending from various lenders, including the payments, rates and terms applicable.

 

Detailed

We can also provide details of your mortgage capacity based on any number of financial situations.

 

What information will
I need to provide?

You will likely need to provide the following information:

  • Your current income, including salary, bonuses, commissions, and any other sources of income.
  • Your expenses/liabilities, including mortgage payments, loan/hire purchase payments, credit card balances.
  • Your credit history, including your credit score and if you have any adverse.
  • Your employment, whether your employed or operating as a Sole Trader/Limited Company.
  • Your assets, including any property, investments, or savings you may have.
  • Information about any dependents, such as children or elderly parents, who may impact your ability to afford a mortgage.
  • Any other information that may be relevant to your ability to afford a mortgage, such as upcoming large expenses or changes in your financial situation.

It’s important to be as honest and accurate as possible when providing this information, as a Mortgage Capacity Report is used to make important decisions about your finances and ability to afford a mortgage.

Assessment Costs

We will charge a fixed fee that will include our initial assessment, and a report based on one scenario. The cost of this is £149 for a Single Report or £250 for a Joint Capacity Report. Additional scenarios may incur additional fees.