How to produce evidence of your Mortgage Capacity, which you are required to do as part of Financial Remedy proceedings, written by Wikivorce.

Introduction

In Financial Remedy proceedings the court will want to know the income and mortgage capacity of each party as it is relevant to working out how a practical solution for how the housing needs of the two parties can be met.

A mortgage capacity report is an assessment of how much you can borrow for a mortgage, a mortgage capacity report will take in all factors of your situation when assessing.

Who is required to submit a Mortgage Capacity document

Both parties are required to produce Mortgage Capacity information.

It is one of the mandatory documents to be prepared for the First Directions Appointment (FDA).

When is the Mortgage Capacity document due

It is normally due 14 days before the FDA.

Click to see full list of documents and due dates for the FDA.

Costs

You can usually obtain the necessary information from a mortgage broker or directly from a lender without incurring any costs.

 How to Submit your Mortgage Capacity document

You should file a copy with the court, and serve a copy on the other party.

Click for our full guide on how to file documents with the court and server them on the other party.

Recommended Resources

you can get a free mortgage capcity report by clicking here.

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.

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