Divorce brings not only emotional challenges but also complex financial matters, especially when a joint mortgage is involved. At European Insurance, we understand how impactful this period can be, and we are here to guide you in restructuring your mortgage and securing your financial stability.
Divorce involves various financial aspects that must be handled with care. Our services include:
We analyze your current mortgage and discuss options for adjustment to ensure it aligns with your new financial situation. This could mean one partner takes over the mortgage, or the property is sold, and the mortgage is repaid.
If one partner wishes to remain in the property, we assist in the process of transferring the mortgage. We assess whether the income is sufficient to continue the mortgage individually and help make the necessary adjustments.
If the decision is made to sell the property, we assist with the financial settlement. This includes repaying the mortgage, terminating associated insurance policies, and managing any potential tax implications.
Divorce also impacts shared insurance policies. We advise on adjusting or canceling policies such as building insurance, home contents insurance, and liability insurance to ensure you have sufficient coverage without being overinsured.
Are you facing a divorce and want to know more about the options for your mortgage and insurance? Contact European Insurance for a personal and free consultation. Together, we’ll ensure you approach your financial future with confidence.
