Hi all,
Hoping you might be able to give me some advise/insights.
Bit of background - I am currently going through a divorce, there are no children & only asset to address is a property. Property is rented for 10 years, and I manage it fully. There is €270k left on mortgage & it’s valued at ~€290.
While there are no points to really contest in the divorce, it’s taking an eternity to pass through the process, ongoing since 2017. Ex is leveraging Legal Aid, and my solicitor claims this is causing the issue. Given the backlog from COVID, Ive been advised to not expect a new court date for hearing until next year.
I am eager to buy a new house with my partner, and want to do so sooner rather than later, for family reasons & also to secure a crèche/school place for our son...plan to move to an area which places can be a challenge.
So my main question is will a lender look at us with my divorce still in progress, there is no JS is place, we went straight for a divorce. I will be able to evidence that proceedings were well underway prior to approaching them, but have gotten varying advice on whether this matters.
My partner & I earn ~€250k joint gross, with a car loan & my property our only debt. We won’t be looking to borrow at maximum capacity, and will have 20% deposit. Not sure if any of this impacts the situation, so adding in case it does.
Any advice be greatly appreciated!