A how to guide on how to notify mortagees of a divorce, which you are required to do as part of Financial Remedy proceedings, written by Wikivorce.
Introduction
When you are in the process of getting divorced, it is important to notify the mortgagee (the bank/building society that you took out your mortgage with) that you and your ex are getting divorced. This is because even if the mortgage is joint you are still liable for the whole amount. This means that even after you have divorced you will still need to keep paying the mortgage, even if you dont live in that property anymore. You will need to tell the mortgagee you are getting divorced and also tell them any concerns you may have, such as being unable to pay your amount towards the mortgagee or if you're concerned your ex might not continue to pay.
To do this you will need to contact your mortgage provider and tell them you and your ex are getting divorced.
Who is responsible to do this
Only one party is required to do this, usually the applicant, but it is a good idea to have a meeting with both parties and the mortgage provider so you can both raise concerns you may have and you can both understand what will happen with the mortgage after you divorce.
When is this due
You will need to do this 14 days BEFORE the first appointment.
Costs
There will be no costs to do this.
Related Services
Help with the Financial Settlement process
Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement, at a very affordable cost, typically a few hundred pounds rather than the several thousand you would spend with a traditional solicitor.
You can book 3 hours of support for £250 using this link.
Helpline
If you have any questions you may call the Wikivorce helpline on 01202 805020.
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