What is a Mortgage Capacity Assessment?

A mortgage capacity assessment and thereafter written report is commonly used during separation or divorce. The report is often requested by the courts when determining the split of financial assets. It also gives you clarity on how your mortgage borrowing will look post separation based on the different ways the court may suggest the assets are split.

Who carries out the assessment and writes the report?

The assessment and written report will be carried out by a fully qualified CAS mortgage adviser from Everystep Financial.

What to expect during the meeting?

The meeting can be over the phone, via Zoom/Teams or face to face (location dependent). The review will take approximately one hour whereby the adviser will take down all of your personal and financial information alongside gaining an understanding of the courts requirements in terms of the different ways the assets may be split alongside future incomes i.e. child maintenance being paid or received, childcare costs and adapted working situations.

The Report

The report itself will be written on company headed paper and signed off by the acting adviser. The report can provide an array of different scenarios to accommodate the courts requirements but can include the following:

• Child Custody
• Maintenance Payments
• Benefit Payments
• Child Care Costs
• Working Arrangements
• Assessment Of Credit Files

We are happy to liaise with your solicitor on the finer points as appreciate every clients situation is different and can change quickly.