69% of separated couples forced to co-inhabit due to lack of funding

Moving on from a relationship is not always as easy as it sounds, according to Scottish Widows.

Speaking on the rising number of property sales which are triggered by couples separating; the financial institution highlights the fact that over 69% of couples wishing to sell their joint mortgaged properties are unable to do so.

The reason? Lack of funding.

Unable to raise the capital to buy out their partners, many separated couples are now choosing to continue living together in order to maintain their current standard of living.

Yet it doesn’t have to be this way. There is an alternative route that couples can follow to enable them to purchase their own property, even if they are still trying to sell their shared home,

Selling joint mortgage properties – how does it work?

Determining a couple’s shared equity in a property can vary depending on the type of holding they have set up. Traditionally there are two holding types, which are applicable to married and unmarried couples: joint tenants and tenants in common.

• Married – jointly owned or not, when a married couple splits the ownership of the property is usually divided up between the two parties depending on what is agreed to be fair.
• Unmarried – in this scenario the splitting of the property is based upon both partners having made financial contributions to the house. The actual size of their shares is determined by the Land Registry.
• Joint tenants – property upon sale split 50/50
• Tenants in Common – usually 50/50 unless property is registered under a different split, for example 60/40

Invest the way YOU want to invest

Finding the means to make a clean break from your relationship whilst investing in your own property is possible and it doesn’t have to be done at the sacrifice of your current standard of living.

At Property Mentor we understand that in the present financial climate selling your property can take time. More importantly, we recognise that with a house sale of this kind, you will be coming away with only 50% of the properties equity.

However offering yourself a secure future is attainable.

Using our Property Mentor Finance team, we can show you how to invest using little, if any, of your own money, and do so without having to put yourself into debt.

Plus if you attend our free 2 hour taster session, we can also show you how to:

• Invest in the right properties
• Broker a deal
• Buy your property in just 30 days

So offer yourself the freedom to own your own property. Sign up to our taster session today.

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