Marital separation and new mortgage

[jerryberry]

Hi, I’m split with my wife a couple of years, we’re still friends. I’m looking to purchase a house now as a single. The bank is now looking for a separation agreement before proceeding. Anyone know what the specific requirements are here? I don’t want to drag my ex through the full separation if there’s only something specific the bank is looking for, or if they’re looking to tick a box that isn’t on a standard/typical separation agreement. Thanks

 

[mf1]

"Anyone know what the specific requirements are here?"

You need to do a Separation Agreement. It will cover all issues that affect separated people like maintenance, succession, family home, debts etc.,etc.

It is not a box ticking exercise. It is to protect you and the Bank who might lend to you.

mf