Divorcee Mortgage

Sam · Posted: Sat Jun 12, 2004 4:08 am Post subject: Divorcee Mortgage

Divorcee Mortgage is a type of mortgage, which is specially designed for those who rely on their former spouses for maintenance payments.

Main features of divorcee mortgage are as following:

It is an innovative solution for those who are financially dependent on their ex-partners.
It has unique, flexible, underwriting criteria.
It allows payment holidays and over/under payments.
It charges no redemption penalties for remortgaging.
It offers standard variable loan rate.
It does not require court proof of maintenance agreement.
Here maintenance payments are treated like salary payments.
It offers loans upto 80% of property value.

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