Buying guide
Refinancing your mortgage after a breakup or divorce
What happens to the mortgage when you separate?
AI summary
Separating with a joint mortgage means both partners remain responsible for payments until the property is sold or refinanced. The house can be sold on the open market, or one partner can buy the other out.
Under the Property (Relationships) Act, remaining equity is typically split equally for relationships over three years. However, couples can create a 'contracting-out' agreement to arrange a different split, which may help a lower-income partner or allow one person to keep the family home.
What happens to the mortgage when you separate?
What is the law around dividing up relationship property?
Does shared property have to be split equally when you break up?
Why would someone agree to less than half the house in a break up?
Authors
